@Satyam auction
Top Satyam Executives Resign
by UTVi Desk    May 25, 2009
Category : News & Analysis
Top executives from Satyam and its BPO unit have resigned following reports the company will hive off 8,000 staff. Sources told UTVi that following the Friday's statement by Satyam's new parent -- Tech Mahindra's CEO Vineet...
Tech Mahindra Deposits Rs. 2910 Crore
by CXOtoday Staff    Apr 20, 2009
Category : News & Analysis
  Representatives from Tech Mahindra and Satyam met today to finalize plans for Tech Mahindra's acquisition of a controlling stake in Satyam and to discuss important transition issues.   Anand Mahindra, chairman of...
Satyam Bidders Ask Tough Questions
by Kumar Deep, UTVi    Mar 27, 2009
Category : News & Analysis
The Satyam board is facing a tough time answering questions posed by potential bidders regarding the company.Sources indicate that the bidders have asked questions about the fixed asset value of the company, and business booked during the first...
Satyam: Who can Afford it?
by Dhaval Parekh, UTVi    Mar 12, 2009
Category : News & Analysis
Fraud-hit Satyam Computer Services closes registrations for potential bidders on Thursday, kicking off a process to sell a majority stake in the company caught in the country's biggest corporate scandal.Some firms are likely to put in...
Tech Mahindra to Participate in Satyam Bid
by CXOtoday Staff    Mar 12, 2009
Category : News & Analysis
Tech Mahindra (TECHM) has officially declared that it will participate in the Satyam (SATYAMCOMP) auction to be held later this month. In a statement to the BSE, the company said it is interested in participating in the bidding process. ...
L&T Still Interested in Satyam Computer
by UTVi Desk    Mar 09, 2009
Category : News & Analysis
Technology : Infrastructure
With Satyam Computer Services set to commence the bidding process soon, Y M Deosthalee, CFO of L&T, said the company continues to be interested in Satyam."We have interest in this entity, and it continues to be there. However, the...
Satyam Invites EoIs by March 20
by UTVi Desk    Mar 09, 2009
Category : News & Analysis
Technology : Infrastructure
Satyam Computer Services is commencing a competitive bidding process which, subject to receipt of all approvals, will select an investor to acquire 51% equity stake in the company.The board has proposed to follow a transaction structure with an...
Satyam Sale may Take Six Months
by Arun Giri, UTVi    Feb 24, 2009
Category : News & Analysis
While Securities and Exchange Board of India (Sebi) and the Company Law Board (CLB) may have granted Satyam special concessions to enable it to proceed with its stake sale, the process is still likely to take at least another six months. ...
Satyam Board Seeks CLB Nod for Auction
by Kumar Deep, UTVi    Feb 19, 2009
Category : News & Analysis
The board of directors of Satyam Computer has proposed increasing the company's authorized share capital to Rs. 120 crore, and is planning to make preferential allotment of equity shares. The board is also seeking the approval of the...
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