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Hinduja Global Solutions, the BPO arm of the Hinduja group — one of the interested parties in acquiring the scam-tainted Satyam Computer Services [Get Quote] — said it has chalked out a 100-day plan, just in case it is successful in its attempt. Meanwhile, it has written to the merchant bankers involved in the transaction.
“We are very interested in Satyam and accordingly, we have written to the merchant bankers but are yet to receive any reply,” said Anand Vohra, CFO, Hinduja Global Solutions.
About what would be the plan of action in case the company is successful, he said: “We will need to have a 100-day plan in place. This will look at four essential areas. One team will concentrate on customers and meet with them and address their concerns. Second, we will have a team that will tackle the HR issue and take care of employees issue. Another team will look into the account of the company and last, a team will try and see how we can maintain the cash that the company has and make no further losses.”
Vohra also said the company has not approached the board or any of the bankers in a personal capacity. However, he felt that the board should hasten the process.
When asked if the company was ready to acquire despite the fact that the auditors will still take some time to give the eHinduja Global chalks out 100-day plan, in case it gets Satyam.

Railway Stocks up today as rail budget going to declare today

Kalindee Rail :- Up by 12.75%  (145.80 to 163.60)
BEML :- Up by 4.33%  (394.90 to 412)
Texmaco :- Up by 7.25%  (57.90 to 62.10)
Titagrah Wagons :- Up by 6.51%  (246.50 to 262.50)
Stone India :- Up by 4.88%  (22.55 to 23.65)
Kernex Micro :- Up by 9.97%  (85.75 to 94.60)

These are positions by 12.20 clock at 13 Feb.

After continuous 8 days downtrend from 61 to 41 finally Satyam showed green today, its like Oasis in Desert for investors who holding Satyam share.
Satyam traded with high volume today & there is too much volatility at this counter, At beginning it declined by 2-3% to show 41.15 as days low and suddenly in few minutes it rise to 48.35 days high, at end of day it stabilized at 47.15.Today it traded with 53205035 volumes and ranked 8th among active stocks at NIFTY.
Karnik said the company’s long-term plan would be in place in seven to 10 days. He added that the beleaguered tech firm was yet to pay February salaries to its employees but was in a position to do so.
There is news that bidding for strategic partner for Satyam will start soon.Bidding will take place in 2 phase.The debate over whether Satyam will induct a strategic partner through a bidding process seems to be over. The board is clear it will be through a bidding process. Moreover, the board which meets in Mumbai on Thursday is also expected to discuss appointing an independent committee to oversee the bidding process.independent committee headed by a retired Supreme Court judge would oversee this bidding.
Satyam will lay down stiff eligibility norms for the bidders; wherein the potential acquirer must have a sound IT track record and they would have to subscribe to fresh shares as well.
Sebi is close to finalising the norms for acquirers in special circumstances like Satyam. Sources that special circumstances would be triggered in the event of government or CLB or regulators superseding a board. The request for waiver of ordinary takeover norms would come from the company’s board and not the acquirer.
Hope it will cross 50 mark soon.