Here’s another one to add to the on-going ‘Satyam Saga’.
The Satyam Computer Services today said it has made amendments to the bidding process to rank the suitors for their technical bids. And the criteria will be based on price only. Earlier, the bids were not ranked.
For those who came in late, a government appointed board is trying to sell control of the firm, which was plunged into crisis in January.
Meanwhile, the company has also said that it will share the financial details of the past 2-4 months with the buyers after scrutiny of their expression of interests.
The major buyers who have shown interest in the company are Spice, L&T and Tech Mahindra.
The S&P BSE Sensex rallied 290 points to end at record closing high of 29,910 surpassing its previous closing high of 29681.77 hit on Jan 29, 2015 while the broader Nifty50 index also logged its fresh closing high of 9,238, up 64 points.
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