Satyam Computer Merges Group Infra

The movement, which attracted more than a bouquet of brickbats, Satyam
Computer Services Tuesday announced its decision on the acquisition of 100%
participation in Maytas Properties and 51% of the shares of Maytas Infra cost
1.6 billion U.S. dollars. Maytas Satyam has written that in reverse, sponsored
by none other than Ramalinga Raju and analysts then move to save the former
company. Satyam will pay 1.3 billion U.S. dollars for their participation in
Maytas Properties and 0.3 billion dollars for Maytas Infra.

Maytas Infra recently bagged more than Rs 12,000 crore Hyderabad Metro Rail
project, but market sources suggest that the company is finding very difficult to
raise funds in this time of severe financial crisis Cross. "Maytas on its own can not
raise enormous capital and is the only way that Satyam is sitting on a pile of cash
in May pitch in relief and ensure that the project" an analyst from Mumbai averred.
That was the opinion of analysts in Hyderabad.