Satyam board meet begins to discuss buyout offers | business | Hindustan Times
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Satyam board meet begins to discuss buyout offers

The board in the two-day meeting will consider the acquisition proposals from suitors, including B K Modi's Spice Corp and engineering major Larsen and Toubro.

business Updated: Feb 04, 2009 16:50 IST

Amid a crowd of suitors lining up for acquiring Satyam Computer Services, the board of the beleaguered IT firm started its meeting today.

The board in the two-day meeting will consider the acquisition proposals from suitors, including B K Modi's Spice Corp and engineering major Larsen and Toubro.

A company spokesperson said the meeting has started but did not divulge the agenda.

According to sources, the board will scrutinize the proposal that has so far come to it and may refer them to its investment bankers -- Goldman Sachs and Avendus -- for further examination.