Bangalore: Satyam Computer Services Ltd (SATY.BO) said on Friday that Indian and international firms, including private equity companies, had registered to bid for a controlling stake in the fraud-hit outsourcing firm.
The board has taken steps to release the request for proposal (RFP) to the bidders who registered by Thursday's deadline, the company said in a statement.
It did not say how many bidders had registered. Satyam's government-appointed board is keen to bring in an investor to restore confidence among its roughly 50,000-strong staff and more than 600 customers, which include General Electric (GE.N) and Qantas Airways (QAN.AX).
Satyam has been struggling for survival since founder and Chairman Ramalinga Raju shocked investors in January, saying Satyam's profits had been overstated for years and assets falsified in what has become India's biggest corporate scandal. (Reporting by Sumeet Chatterjee; Editing by John Mair)
Comments
0 comment