So you are running a publicly traded company which has $1 Billion in cash. Your sons' business ventures weren't doing that great. You want them to make a lot of money, even when the economy is in shambles and the sector your sons' are in hit hard. So, What do you do? You agree to buy out your sons' businesses for 1.6 billion dollars with the company's money. So, that leaves you and your family 1.6 billion in cash and around 400 million hole in the company's balance sheet for the shareholders to worry about. How is that for a family story?
Thats what Satyam's Ramalinga Raju tried to pull with the acquisition of Maytas properties and Maytas Infrastructure. And know what?! He almost got away with it.....
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