Tag: Deference

Investors ask Satyam to call off acquisitions

India’s fourth-largest IT services provider Satyam Computer Services was forced to reverse yesterday‚Äôs decision to diversify into real estate and infrastructure following strong shareholder protests that saw its stock price fall 30% on BSE. Satyam had proposed to acquire Maytas Properties and Maytas Infra, companies controlled and run by the promoter family, for $1.6 billion […]