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‘Spice not bidding for Satyam’

‘Spice not bidding for Satyam’
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First Published: Mon, Apr 13 2009. 09 47 AM IST
Updated: Mon, Apr 13 2009. 09 47 AM IST
New Delhi: Spice Group is not submitting a bid for fraud-hit outsourcer Satyam Computer, a company official said on Monday.
Separately, CNBC-TV18 reported Tech Mahindra had submitted a bid for Satyam.
NDTV Profit television said Cognizant had submitted a bid.
Spice had been asking for some changes to the bidding process, including public disclosure of the names of other bidders for a 51% stake in the outsourcing firm
“We were very clear. If there is no open auction, we are withdrawing,” Preeti Malhotra, executive director at Spice Innovative Technologies, a Spice Group unit, told Reuters.
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First Published: Mon, Apr 13 2009. 09 47 AM IST
More Topics: Satyam | Spice | Bidding | India | Corporate News |