Business Daily from THE HINDU group of publications
Friday, March 20, 2009
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Business Daily from THE HINDU group of publications Friday, March 20, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Update at 1050 hrs (IST)
Info-Tech Satyam Board meets to evaluate EoIs HYDERABAD: The Satyam Board met on Friday to evaluate the proposals of the suitors for acquiring up to 51 per cent stake in the crisis-ridden IT company among other issues. A company official said that the meeting was underway. The Government-appointed company board has received several expressions of interest, (EoIs) including those from engineering major Larsen & Toubro, B K Modi-led Spice Group, software firm Tech Mahindra and iGate. The winning bidder can acquire up to 31 per cent stake in the company. Upon successful completion of the process, the partner can purchase additional 20 per cent through an open offer. - PTI
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