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Satyam's board meets to discuss CLB's go ahead for sale

The board of Satyam Computer Services began its meeting in Hyderabad today to discuss the process of finding a strategic partner after getting the Company Law Board's nod recently.
Hindustan Times | By HT Correspondent, Hyderabad
UPDATED ON FEB 22, 2009 12:48 AM IST

The board of Satyam Computer Services began its meeting in Saturday to discuss the process of finding a strategic partner after getting the Company Law Board's nod recently.

"The board meeting has started," a company spokesperson said.

The board would discuss the CLB's approval and consider induction of a strategic partner in the IT company, Satyam Chairman Kiran Karnik has said yesterday.

A number of suitors, including engineering giant Larsen & Toubro and Spice Group, have evinced interest in acquiring stake in the fraud-hit IT company.

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