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Govt gives go-ahead for Satyam sale

Company can raise authorized capital to Rs280 cr; CLB approval must for issuing shares to strategic investor.
New Delhi: The Centre on Thursday paved the way for the sale of fraud-hit Satyam Computer Services Ltd, although three critical questions remain to be answered: When? For how much? And to whom?

Responding to an application by the firm’s [...]

How will bidders value Satyam?

How does one put a value to Satyam Computer Services when its financial position is not known?
This is one question that’s uppermost in the minds of analysts, marketmen and industry experts even as the Company Law Board (CLB) today gave the scam-tainted IT firm’s stake sale plan the go-ahead.
When contacted, Hinduja and L&T groups, two [...]