Satyam board meeting resumes

Satyam board meeting resumes
PTI
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First Published: Fri, Jan 23 2009. 04 46 PM IST
Updated: Fri, Jan 23 2009. 04 46 PM IST
Hyderabad: The board of beleaguered Satyam Computer Services met for the second successive day today to discuss arranging funds for the firm and hiring a chief executive officer and chief financial officer to run the company.
The meeting started on Friday with all the six members of the board - Deepak Parekh, C Achuthan, Kiran Karnik, Tarun Das, T N Manoharan and S Balkrishna Mainak.
The board has received 40 applications for the post of CEO. Parekh had earlier said that the company could consider mortgaging assets like real estate to raise cash from banks.
Another crucial agenda would be to discuss legal matters in the wake of the class action suits filed against the company and whether it needs to ask the government to stand as guarantor for raising loans.
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First Published: Fri, Jan 23 2009. 04 46 PM IST
More Topics: Satyam | Board | Deepak Parekh | Meeting | Fraud |