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Fraud-hit Satyam approved for 51% sale, shares rise (from Corporate Dealmaker)

The Securities and Exchange Board of India, which recently eased takeover regulations, approved a majority sale of Satyam Computer Services Ltd. (NYSE:SAY), the subject of India's greatest corporate scandal. Buying into the IT outsourcer is tricky.On one hand you have an otherwise attractive company that had its $7 billion valuation...

Posted on March 6, 2009 9:04 AM

Fraud-hit Satyam cleared for auction (from Corporate Dealmaker)

Indian IT and BPO provider Satyam Computer Services Ltd. has received clearance from the Company Law Board to sell a 26% stake in the firm via an open bidding process. Goldman, Sachs & Co. and Avendus Capital Ltd. were brought on in January to find strategic investors. Satyam's $1 billion...

Posted on February 19, 2009 4:07 PM