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The fraud hit company Satyam Computers Services is finding quite a few number of suitors towards it.
Engineering giant L&T and Tech Mahindra, the software arm of the M&M group, have already shown interest in taking management control of Satyam. Now Spice, which is already into the mobile and real estate sector is bidding for a stake in Satyam.
“We are a serious bidder and have enough cash for acquiring Satyam. We have decided to rope in Enam Securities as the investment banker for the deal,” Spice Group chairman B K Modi told ET after a board meeting on Saturday evening.
The company has cash from the recent sale of a group company Spice Telecom to Idea Cellular Ltd.
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