Satyam Board Finalises Sales Process Details
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It is heard from sources that the Satyam board has finally arrived at a decision on the sale process. The board may not need to meet again to discuss sale process. Lawyers are working on regulatory issues and proposal may soon be sent to the Sebi and the CLB. Details of the Satyam sale process will be made public over the next few days.
BK Modi, Chairman, Spice Group, fears Satyam’s clients would exit if the bidding issue does not get resolved by March-end. According to Modi, an indicative price is not possible as the extent of Satyam’s liabilities is not known.
Source : Moeycontrol.com
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