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“In India, companies may fall sick, but promoters rarely do!”

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Maytas Properties

Ernst & Young did Maytas Properties Valuation of Rs 6523 crs in just one Day !?

Just read a very interesting update on Maytas Properties in todays’ edition of Financial Express Maytas Properties is facing the prospects of the Government taking it over the Board,just as they did for Satyam The matter was being heard by the Company Law Board (CLB) and the company’s counsel suggested that the Government could appoint an observer …

Ernst & Young did Maytas Properties Valuation of Rs 6523 crs in just one Day !? Read More »

Satyam becomes Asatyam as Founder Ramalinga becomes Ravana !

Holding less than 10% of Satyam’s equity,Founder Chairman,B Ramalinga Raju,got a Board Resolution passed to buy out 51 % of the Equity in his Son’s Companies Maytas (Satyam spelled backwards !) Infrastructure and a 100% Stake in Maytas Properties for a whopping aggregate of US $ 1.6 Billion or nearly Rs 8000 crs ! As if …

Satyam becomes Asatyam as Founder Ramalinga becomes Ravana ! Read More »

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