Friday, February 20, 2009

Satyam's board meets to discuss CLB's go ahead for sale

Hyderabad, Feb 21 (PTI) The board of Satyam Computer Services began its meeting here today to discuss the process of finding a strategic partner after getting the Company Law Board's nod recently.
"The board meeting has started," a company spokesperson said.

The board would discuss the CLB's approval and consider induction of a strategic partner in the IT company, Satyam Chairman Kiran Karnik has said yesterday.

A number of suitors, including engineering giant Larsen & Toubro and Spice Group, have evinced interest in acquiring stake in the fraud-hit IT company. PTI

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