After proper investigation of the entire episode, Govt can initiate
action through Satyam Board for acquisition of Maytas Properties
(and not Maytas Infra) by the parent company in a cash-less deal,
with a proper valuation by an independent & world renowned valuers.
The resultant issue of additional shares in Satyam to the promoters
of Maytas Properties (read Raju & family) can be held back towards
the non-existent bank balance in Satyam Balance Sheet. If this
happens, the market price of Satyam will sky rocket, in turn lifting
the valuation of fresh shares allotted to Raju & family, enabling
cancellation of non-existent bank balance from the balance sheet,
coupled with extinction of shares to that extent. A win-win
situation for all concerned (investors, employees, clients),
including Raju who will come out scot free with all the political
support in his pocket. Now that the initial report has confirmed
existince of very small liabilities & more than matching receivables,
this will happen sooner or later, bringing windfall to all those
investors who have thought it wise to buy Satyam at such a low
valuation.
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