Assets

After the scandal broke, the company suffered a huge loss, not
only in terms of monetary assets but also in terms of non-market
assets as well. Satyam computers as a company lost its trust of
shareholders, public ,financial institution like Merrill lynch, Credit
Suisse and Standard Farm Insurance, security markets(NYSE,NSE)
also the company was stripped off of the title Golden Peacock
Award for Corporate Governance under Risk Management and
Compliance Issues.
The following events made a significant difference in restoring the
companys situation in terms Non- market factors:
Ram Mynampati was elected to be Satyam's interim CEO, by
the then prevailing board members.
The ease the tension in the shareholders and employees
interim CEO made a statement on the companys website:
"We are obviously shocked by the contents of the letter. The
senior leaders of Satyam stand united in their commitment
to customers, associates, suppliers and all shareholders. We
have gathered together at Hyderabad to strategize the way
forward in light of this startling revelation."
The Company Law Board barred the current board of Satyam
from functioning and appointed 10 nominal directors.
ICAI
issued
a
show-cause
notice
to PricewaterhouseCoopers (PwC) on the accounts fudging,
which was the Satyam's main auditor.
The Indian government appointed A. S. Murthy to become
the new CEO of Satyam.
Homi
Khusrokhan
of Tata
Chemicals and
Chartered
Accountant Partho Datta were appointed as special advisors.
Most importantly the Mahindra & Mahindra acquired 46%
stakes resulting in the renaming of the company to Mahindra

Satyam which helped the company rebuilding trust as

Mahindra & Mahindra is a trusted name in the industry.