‘Toxic’ Satyam Stock Tops Asia Return on Equity: Corporate India
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Satyam Computer Services Ltd., the subject of India’s biggest corporate fraud, is luring investors including Nordea Bank AB and BNP Paribas SA with the highest return on equity among Asia’s 20 largest software developers.
The gauge, which measures how well firms invest shareholder funds, was at 55.4 percent in the three months ended Dec. 31, according to data compiled by Bloomberg. That compares with 38.6 percent for Tata Consultancy Services Ltd., Asia’s biggest software developer by value, and 3.2 percent at Japan’s Fujitsu Ltd. Tech Mahindra Ltd. which acquired a stake in Satyam in 2009, last year said it plans to buy the remaining 57 percent.