India's Spice not bidding for Satyam: official | business | Hindustan Times
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India's Spice not bidding for Satyam: official

business Updated: Apr 13, 2009 10:33 IST

Reuters
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India's Spice Group is not submitting a bid for fraud-hit outsourcer Satyam Computer, a company official said on Monday.

Separately, CNBC-TV18 reported Tech Mahindra had submitted a bid for Satyam.

NDTV Profit television said Cognizant had submitted a bid.

Spice had been asking for some changes to the bidding process, including public disclosure of the names of other bidders for a 51 per cent stake in the outsourcing firm

"We were very clear. If there is no open auction, we are withdrawing," Preeti Malhotra, executive director at Spice Innovative Technologies, a Spice Group unit, told Reuters.