March 24 (Bloomberg) -- Satyam Computer Services Ltd. may select the winning bidder for a 51 percent stake by April 15, The Hindu Business Line newspaper reported today, citing an unidentified person involved in the process.
Offers from the short-listed suitors will be due around April 9, the newspaper reported. Hari Thalapalli, Satyam’s head of marketing, didn’t answer calls to his mobile phones.
Satyam’s government-appointed board is pushing ahead with the sale before restating accounts and while facing U.S. lawsuits after former chairman Ramalinga Raju said Jan. 7 he had falsified accounts by more than $1 billion.
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