Gautam Chikermane, Hindustan Times
December 17, 2008
The unholy deal under which the board of Satyam Computer Services was unanimously ready to transfer the cash of the company to an unrelated firm, owned by its promoters that control 8.6 per cent of Satyam, raises issues that affect each and every one of us investors. While the deal has been withdrawn under investor pressure, the issue is no longer about a promoter gone bad or a blue chip, cash-rich company that carries a 2 per cent weight in the Sensex.
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