Satyam receives SEBI approval

Satyam Computer Services Limited informed that the SEBI granted it certain relaxations/exemptions/permissions from strict compliance with applicable SEBI regulations in connection with the process followed by the company pursuant to Regulation 29A of the SEBI Takeover Regulations to select an investor.

Satyam Computer Services Limited on Wednesday informed that the Securities and Exchange Board of India (SEBI) granted it certain relaxations/exemptions/permissions from strict compliance with applicable SEBI regulations in connection with the process followed by the company pursuant to Regulation 29A of the SEBI Takeover Regulations to select an investor.

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As previously disclosed by the company, SEBI had earlier granted certain in-principle exemptions/relations from applicable SEBI regulations and guidelines in connection with the process to be followed by the company pursuant to Regulations 29A of the SEBI Takeover Regulations to select an investor, a Satyam release said.