Satyam Refines Bidding Process
April 02 2009 - 10:59AM
PR Newswire (US)
HYDERABAD, India, April 2 /PRNewswire-FirstCall/ -- Satyam Computer
Services Ltd. (NYSE:SAY)(BSE:SATYAM)(NSE:SATYAMCOMP) (the
"Company") announced today that it had submitted a letter ("SEBI
Letter") to the Securities and Exchange Board of India (the "SEBI")
relating to a slight modification in the bidding process to be
followed by the Company to select an investor. This press release
and the SEBI Letter have been filed with the Bombay Stock Exchange
and the National Stock Exchange. This press release and the SEBI
Letter are also being furnished to the U.S. Securities and Exchange
Commission (the "SEC") on Form 6-K, and are available to the public
over the Internet at the SEC's website at http://www.sec.gov/. This
press release is not an offer of securities for sale in the United
States. Securities may not be offered or sold in the United States
absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended. Any public offering of
securities to be made in the United States will be made by means of
a prospectus that may be obtained from the Company and that will
contain detailed information about the Company and its management,
as well as financial statements. The Company does not intend to
register any securities in the United States or to conduct a public
offering of securities in the United States. As previously
disclosed, the Company Law Board, Principal Bench New Delhi
authorized the Company's Board of Directors to select an investor,
subject to certain conditions. About Satyam Satyam (NYSE:SAY), a
global business and information technology services company,
delivers consulting, systems integration, and outsourcing solutions
to clients in numerous industries across the globe. Satyam
leverages deep industry and functional expertise, leading
technology practices, and an advanced, global delivery model to
help clients transform their highest-value business processes and
improve their business performance. The company's professionals
excel in engineering and product development, supply chain
management, client relationship management, business process
quality, business intelligence, enterprise integration, and
infrastructure management, among other key capabilities. Satyam
development and delivery centers in the US, Canada, Brazil, the UK,
Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and
Australia serve numerous clients, including many Fortune 500
organizations. For more information, visit : http://www.satyam.com/
DATASOURCE: Satyam Computer Services Ltd. CONTACT: For
clarifications, write to us at: ; Or contact our PR
representatives: India, Archana Muthappa, +91-981-980-8681, , US,
Bob Olivier, +1-301-654-0535, , Europe, Sandeep Thawani,
+44-783-010-3838, , Asia-Pacific, Dan Bleakman, +61-439-408-484, ,
or Reshma Wad Jain, +65-98-140-507, , all of Satyam Computer
Services Ltd. Web Site: http://www.satyam.com/
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