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Spice alleges non-transparency in Satyam bidding
March 25, 2009 13:36 IST
"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 told PTI.
"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 short-listing 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 [Get Quote] are the among other shortlisted bidders for Satyam.