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Unaware of developments in Satyam since 4 weeks: L&T
AM Naik, CMD, L&T, said at present the company does not even know what the problems in Satyam are. Speaking on what his bid for Saytam will be, Naik said he does not know because a lot has changed in the past four weeks. “They have lost lot of customers, some key employees have gone.”
AM Naik, CMD, L&T , said at present the company does not even know what the problems in Satyam are. Speaking on what his bid for Satyam will be, Naik said he does not know because a lot has changed in the past four weeks. "They have lost lot of customers, some key employees have gone."
Here is a verbatim transcript of the exclusive interview with AM Naik on CNBC-TV18. Also see the accompanying video.
Q: What will you value the company?
A: At this point of time, we don't even know what the problems in the company are.
Q: Then how is it a strategic fit for you?
A: It has always been a strategic fit.
Q: Do you agree with per share valuation price that has been put right now?
A: I don't know. If they are going to open limited books, I guess it is for us to find out exactly what is there in it.
Q: What will your bid be?
A: I don't know because a lot has changed in four weeks. They have lost lot of customers, some key employees have gone.
Q: So, what is the final bid coming from you?
A: As I said, we will study and then let you know.
