MUMBAI, Jan 27 (Reuters) - Fraud-hit Indian outsourcer Satyam Computer Services Ltd said on Tuesday its new government-appointed board had appointed bankers and management advisors to identify strategic investors and obtain expressions of interest.
The board has appointed Boston Consulting Group as management advisors and Goldman Sachs and Avendus, an Indian investment bank, as investment bankers, the company said in a statement.
The board said it had also concluded most discussions related to immediate funding requirements, but did not specify details.
It said it would pay January salaries as scheduled from internal accruals and receiveables.
(Reporting by Devidutta Tripathy; Editing by John Mair) Keywords: SATYAM/BOARD (prashant.mehra@thomsonreuters.com; +91 22 6636 9029; Reuters Messaging: prashant.mehra.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The board has appointed Boston Consulting Group as management advisors and Goldman Sachs and Avendus, an Indian investment bank, as investment bankers, the company said in a statement.
The board said it had also concluded most discussions related to immediate funding requirements, but did not specify details.
It said it would pay January salaries as scheduled from internal accruals and receiveables.
(Reporting by Devidutta Tripathy; Editing by John Mair) Keywords: SATYAM/BOARD (prashant.mehra@thomsonreuters.com; +91 22 6636 9029; Reuters Messaging: prashant.mehra.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
