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Who's going to buy Satyam?

Ramalinga Raju, Satyam, hero to zero, fraud, Raju, scam
Satyam Computer Services has commenced a competitive bidding process to sell a 51 per cent stake in the company.

Interested bidders will be asked to submit a detailed expression of interest and the proof of availability of at least Rs 1,500 crore by March 20, 2009, the New York-listed Satyam said in a statement.

The government-appointed board of Satyam is looking for a buyer to help restore confidence of its staff and customers, after it was pushed into the centre of India's biggest corporate scandal.

Also Read: Satyam gets time till March 31 to restate Q3 numbers | IBM unlikely to bid for Satyam stake

Text: Agencies

Images: Copyright AFP. Any unauthorised reproduction is prohibited.




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