Archive for March 12th, 2009

Satyam to Close Registration for Interested Bidders, Start Sale

Satyam Computer Services Ltd. will today close registration for interested bidders, kicking off the sale of the software provider at the center of India’s biggest corporate fraud.
Companies have until 5 p.m. local time to register their interest in acquiring 51 percent of the company, and submit a detailed bid by March 20, Satyam said. Hyderabad, [...]

Jain

Satyam Ghotala

March 12, 2009

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Satyam U.S. lawsuits may cost $440-$840 million

MUMBAI (Reuters) - U.S. lawsuits filed against fraud-hit Satyam Computer Services (SATY.BO) could cause a liability of between $440 million and $840 million, the Times of India said on Thursday, quoting a potential bidder for the outsourcer.
“We have received a report from our legal advisers Gibson, Dunn & Crutcher LLP and they said the liabilities [...]

Jain

Satyam Ghotala

March 12, 2009

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