Infosys is not interested in acquiring Satyam

Infosys is not interested in acquiring Satyam

Now that Satyam has revealed a major fraud in its accounting, market is full of rumors of a possible acquisition deal by a rival.

Infosys has however stated that they are not interested in acquiring Satyam.

Infosys Founder and Chief Mentor Narayan Murthy said in a statement on this issue: “We have no such interest in looking at buying Satyam… absolutely not… We will not touch any such tainted company thats very very clear.”

He added: “Every company, certainly large companies, they have very close relationship with customers. The CEOs and senior management of the Indian industry have a close relationship with the senior management of the customer companies. We have a lot of transactions where we have demonstrated class, quality and integrity, so I don’t think all of that will be destroyed just because of one bad apple, because there is one Satyam.”