Friday, March 13, 2009

Satyam sees interest from about 8 suitors

About eight potential bidders have registered with Satyam Computer Services to buy a 51 percent stake in the fraud-hit Indian outsourcer

The last day for registering expression of interest was Thursday, and the bidders will need to show the ability to invest 15 billion rupees ($290 million) by March 20.

Engineering and construction firm Larsen & Toubro , which owns a 12 percent stake in Satyam , diversified Spice Group, IT services firm Tech Mahindra and Nasdaq-listed iGate have all expressed interest

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