Wednesday, 25 March 2009

L and T: If we don’t get Satyam we’ll buy someone else!

(By Anthony Miller – Wednesday, 25th March 2009 8:00am). I caught up last week with Sudip Banerjee, since September 2008 the CEO of Larsen &Toubro Infotech (LTI). I had met Banerjee a few times previously while he was one of Wipro’s top executives running its largest business division. Knowing him to be a fiercely ambitious man, there was no way that he was stepping down from his multibillion dollar-a-year empire to run a $400m a year upstart just because he was looking for a quiet life! By all accounts, LTI are the front-runners in the race to take control of Satyam, partly because they are already Satyam’s largest shareholder, holding 12% of its stock. TechMarketView subscription service clients can read the full story – and some thoughts about who else LTI might buy if their bid for Satyam fails – in the latest issue of OffshoreViews, available now in the subscriber-only section of the TechMarketView website.

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