April 2009 - Posts - Initial Private Opinion

April 2009 - Posts

Satyam auction to Tech Mahindra

Posted by Sandeep Parekh at 
I wonder what the corporate strategy of Tech Mahindra is in acquiring Satyam. As I have said on many occassions, the worth of Satyam is only as much as the people and to a lesser extent the existing contracts (which have a certain amount of stickiness to them) of the company. With the huge and unquantifiable contingent liabilities, it will be suicidal...

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Tax havens and Mauritius

Posted by Sandeep Parekh at 
While the rest of the world fumes over tax havens, there appears to be no concern over the huge leakage of tax revenues on the Mauritius front. While I think the Mauritius route was a way of attracting foreign capital when we were desparate, I see no reason why we must penalise our own shareholders with capital gains tax (they must pay the tax in several...

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