Now L&T wants to buy Patni. I am sure it is trying to unload SAY.Soon this hanging sword is lifted from SAY.SAY wants to merge with TM it makes sense for it to acquire the additional shares cheaper now.
The classs action suit in USA is interesting because PWC is the one with the deepest pocket in the pack now and wants to settle this as soon as possible.The lawsuit is really against PWC,and former Satyam management.SAY itself was one of its biggest victims,so impact on SAY will be minimum.
A few more drivers of this stock will be
the second charge sheet filing after CBI completes it's investigation of Raju's Bank accounts
Setting up of Special court to expediate Raju's trial the permission is already granted