Tuesday, January 27, 2009

Satyam Board Appoints Goldman Sachs & Avendus as Investment Bankers

Satyam Computer Services Ltd., the software exporter at the center of India’s biggest fraud inquiry, named Goldman Sachs Group Inc. and Avendus Capital Ltd. to help it identify strategic investors and a possible buyer.

The Hyderabad-based Indian provider also appointed Boston Consulting Group Inc. as management adviser to support the state-appointed directors and management team, the company said in a statement sent to the stock exchanges today.

source:http://www.bloomberg.com/apps/news?pid=20601091&sid=aeIeEQzuvJQ4&refer=india

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