Another bidder — Tech Mahindra, part of the US$6.7 billion Mahindra Group — has also burned its fingers through dabbling in the Satyam affair. Rating agency Fitch has withdrawn its coverage of the company after it announced its bid. According to a Fitch statement, "Given the uncertainties regarding the final closure of the (Satyam) transaction, the financing, and consequent financial impact on Tech Mahindra, the agency is unable to take a rating action at the time of withdrawal."