The Spice Group today alleged that there was no openness and transparency in the bidding for the trouble Satyam Computer and said it would soon decide on whether to go ahead with the bidding process.
"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 shortlisting 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 are the among other shortlisted bidders for Satyam.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
