No plans to sell Satyam: Government

Hyderabad: The government has said that it has no plans to sell Satyam. Earlier, speculations were rife over ongoing efforts to sell the company either as a whole or in bits and pieces.

The buyout can change the fate of more than 50 thousand employees of Satyam.

NDTV had learnt that:

• Tech Mahindra is still interested in a merger option with Satyam
• Tech Mahindra is keen on a the deal at the earliest
• Tech Mahindra willing to do its independent due diligence of Satyam
• Tech Mahindra not willing to take on non-business related liability of Satyam
• New board members agree that they have offers from various suitors
  
  ",However, many suitors may be interested in buying parts of Stayam rather than the whole company,", Tarun Das, board member, Satyam.
  
  
• Satyma gets almost 40 per cent of its business through SAP
• And suitors may be interested in getting that business
• Even the BFSI business will be a target for many buyers
• Essar has already evinced interest in Satyam's BPO business
  
  But most eyes are on companies like L&T, which through Satyam may be looking to give their infotech business, the required scale.
  
  L&T already has a 4 per cent stake in the company and its top officials have already made the rounds of the Corporate Affairs Ministry, further fuelling reports of its interest.
  
  But the big concern which will have a direct impact on Satyam's valuation will be its liabilities and how much of it will have to be borne by its new owners.