Why Mukesh Ambani should buy Satyam???
1. Because, IT is the only major business segment that the Reliance group has not been able to establish a foothold.
2. Because, he has the cash flow for the acquisition, with the KG Basin gas production slated to begin in April 2009.
3. Because, he has wisely refrained from any major acquisition in the last 3 years, unlike his brother and others who have bought companies at peak valuations.
4. Because his group has the execution ability to help Satyam regain its old glory and the credibility to convince the international clients to stay with the company.
5. Because, he has the wherewithal to manage the political imbroglio in which the company is entangled.
6. Because it will be rubbing it in Anil’s face.
7. Because it will immediately propel him as one of the top five players in IT sector in India…which is befitting since his group is habitual of being in the top 5 of whatever business they do.
8. Because, other than L&T, there do not appear to be any other formidable bidders in the race.
9. Because, the IT business will be a good hedge to the core business of RIL.
AND LAST BUT NOT THE LEAST
10. Because, I am an investor in Satyam and would like to benefit from such a move.