Spice May Withdraw from Satyam Bid


PTI

New Delhi, Mar 25: Spice Group on Wednesday alleged that there was no openness and transparency in the bidding for Satyam Computer and said it would soon decide on whether to go ahead with the bidding process.

"We feel there is no openness and transparency... The Satyam board is now talking about another short listing of bidders. We do not even know who are the bidders in the first short-listing," Spice Group chairman B K Modi said.

"Our board will meet shortly to take a call on whether to go ahead or not," Modi said, adding that the Spice Group was not satisfied with these kinds of developments. The board will take a call on this issue within a day.

He added that the Spice board will take a full view of the situation in the wake of the new shortlisting terms and conditions and other related problems that may crop up when the company goes ahead with the bidding process.

Along with Spice, Larsen and Toubro and Tech Mahindra are among the other shortlisted bidders for Satyam. 

  

Top Stories


Leave a Comment

Title: Spice May Withdraw from Satyam Bid



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.