Satyam Computer Services will soon have a new management and hopefully it will be able to put one of the biggest corporate frauds in the history of India behind it.  The brand Mahindra will also create confidence among foreign investors about India’s ability to deal with such situations. It will also developed confidence of the sat yam employees and may be the stock market.

The confidence development measures of the government-appointed board have already done the ground work. The government-appointed board ,  government, Sebi and the Company Law Board too deserve praise for moving quickly, removing roadblocks to a swift management change.

Tech Mahindra must be eagerly awaiting host of formalities to be completed, which includes CLB confirmation of Tech Mahindra as the new promoter.  The early closure of the transaction and completion of the management transition should put to end the uncertainty for the Satyam employees, clients and investors.

Tech Mahindra’s acquisition of Satyam Computer Services may have come as a relief to the market, but analysts see a tumultuous journey ahead for the Tech Mahindra. I believe it is too early to talk about the impact of the acquisition on Satyam and Tech Mahindra.