Sanjeev Prasad, Head - Research, Kotak Securities ,

Sanjeev Prasad, Head - Research, Kotak Securities

, termed Satyam’s deciding to pick up stake in Maytas and the subsequent about-turn a combination of a business call that went horribly wrong and an event that raises concerns about the its corporate governance, “First of all, I can’t understand the synergy between a software services company and a real estate infrastructure business; the two are completely unrelated businesses,” he said, adding, “So, I can’t understand any benefits, which could have come out of this particular acquisition. The second thing is the manner in which it was done it also raises a fair amount of issues.” “It will take a lot of efforts from the management now to get the faith of the shareholders back,” Prasad added.