Satyam board meets to evaluate bidders EoIs

Satyam board meets to evaluate bidders EoIs
PTI
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First Published: Fri, Mar 13 2009. 11 29 AM IST
Updated: Fri, Mar 13 2009. 11 29 AM IST
Hyderabad: The Satyam board on Friday met to discuss the expressions of interest submitted by bidders, which includes one of its shareholders Larsen & Toubro, software firm Tech Mahindra and BK Modi’s Spice Corp.
A company official said the board meeting started at 9:30 am.
Satyam on Thursday closed registrations for potential bidders as it began a process to sell 51% stake in the company, which is caught in the country’s biggest corporate scandal.
The board will make the financial and legal data available to those shortlisted companies who will qualify in the EoI criteria.
The deadline for submitting the bid and proof of adequate funds is 20 March.
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First Published: Fri, Mar 13 2009. 11 29 AM IST