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Bangalore: Satyam Computer Services has commenced a competitive bidding process to sell a 51 per cent stake in the company.
Satyam gets time till March 31 to restate Q3 numbers
Interested bidders will be asked to submit a detailed expression of interest and the proof of availability of at least Rs 1,500 crore ($290 million) by March 20, New York-listed Satyam said in a statement.
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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.
