KhbarExpress www.khabarexpress.com
Welcome Guest Sign In New user! Sign Up Now | My Favourites (new)
Search any word's definition online at pelagiandictionary.com
Search Photo  
RSS 24 November 2009
Forum | Wallpapers | Photo Gallery | Business | Entertainment | Education | Sports | Article | City | Cartoon | Video News |
Free News on your website


Satyam board meets to discuss on induction of a strategic partner
21 Feb 2009, 1351 Hrs

Add comment          Mail          Print          Write to Editor



Search hindi - English word definition online at PleagianDictionary.com

Hyderabad, Feb 21 The Satyam Computers Services board began it's meeting here today to figure out the process of finding a strategic partner for the scam hit IT company.

The board will discuss the Company Law Board's recent approval on inducting a strategic partner and consider the way of finding a suitable one for itself.

Various suitors, including Larsen and Toubro, the Spice Group and the Hinduja Group have expressed an interest in acquiring a stake in the 7800 crore fraud-hit Satyam.

The Company Law Board on Thursday allowed the Government-appointed board to bring in a strategic investor through an open bidding process. For this purpose, the CLB also permitted the board to increase the authorised share capital and issue preferential shares.

Currently, the authorised capital of Satyam is 80 crore shares of Rs 2 each, of which 67.3 crore shares have already been issued. The CLB has authorised the Satyam board to pass a resolution to amend the capital clause of the memorandum of association to raise its authorised capital.

Accordingly, the authorised capital of Satyam is likely to increase from Rs 160 crore comprising 80 crore shares, to Rs 280 crore comprising 140 crore shares. (ANI)




Discuss this story on KhabarExpress Forum  


Pelagian Dictionary

board
meet
discuss
induction
strategic
partner


Comments to this News

Be the first to comment on this News


 
Post Your Comments to this News
 Posting Rules
 
  Name: Email:
 

Top Story of The Day
Latest Articles

Pantaloons Femina Miss India South 2010 Hyderabad Round Winners with Fashion Designer Prasad Bidappa

Katrina Kaif and Akshay Kumar in Movie De Dana Dan


Education Special

All right reserved by Khabarexpress.com
Contact Us | Archives | Sitemap | Can't see Hindi ?
Special Edition: Lakshchandi Mahayagya, Camel Festival 2007, Vartmaan Sahitya, Bikaner Udyog Craft Mela
Our Network rajb2b.com | khabarexpress.com | uniqueidea.net | PelagianDictionary.com | hindinotes.com
Developed & Designed by Pelagian Softwares