| 
| 
Satyam commences bidding process
2009-03-09 10:55:33
Last Updated: 2009-03-09 12:39:16
Last Updated: 2009-03-09 12:39:16
|
Also
see
|
|||||
|
Bangalore: Satyam Computer Services has commenced a competitive bidding process to sell a 51 per cent stake in the company.
Satyam gets time till March 31 to restate Q3 numbers
Interested bidders will be asked to submit a detailed expression of interest and the proof of availability of at least Rs 1,500 crore ($290 million) by March 20, New York-listed Satyam said in a statement.
More India business stories | Get the latest Sensex update
The government-appointed board of Satyam is looking for a buyer to help restore confidence of its staff and customers, after it was pushed into the centre of India's biggest corporate scandal.
| 
| © Copyright Sify Technologies Ltd, 1998-2009. All rights reserved. India News Portal, Sify.com hosted at SifyHosting India's first Level 3 Internet Data Centre. Site optimized for Internet Explorer 5.5 and above. See Disclaimer | Privacy Policy & Parental Guidance on pornography | careers@sify | About Us | Feedback | Advertise |