The famous Infy-Axon merger was the talk of the market until HCL came up with its counter bid offer.Axon, a US Based SAP agency was eyed in the Indian markets for a takeover. Infy came up with its 407 million pounds bid and was confident of taking over the merger until an unexpected player HCL came up with a counter bid of 441 million pound raking Infy’s dreams of a calm merger. HCL though doest not have enough cash resources for the buy over is ready to take a huge loan from its long time partner Stabdard Chartered Bank.Meanwhile Infosys has issued a statement saying that it is not going to increase its bid amount and has appealed the stake holders to stay in the favor of Infosys.
Now the war is up to the wire and anything can happen.The stock markets has been swaying in favor of both the companies for quite sometime now. Can infy pull off the deal ? Will Axon be in safe hands if HCL takes over the bid? Time will answer.
