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Spice Corp to bid for Satyam: Modi

Spice Group Chairman BK Modi on Monday said his company will bid for Satyam Computer.

business Updated: Mar 09, 2009 11:25 IST
PTI
Hindustantimes

Spice Group Chairman BK Modi on Monday said his company will bid for Satyam Computer.

“We are going to bid. It is a good thing that the bidding is taking place through the internet and there is no minimum floor price, which should encourage many players to participate in the process. Transparency is the key,” Modi told PTI.

Modi said Spice Corp will have no problem in submitting cash proof of Rs 1,500 crore as the company has got enough funds in the bank. “It is a good start and we will bid before Thursday,” he said.