HDFC Chairman Deepak Parekh, one of the members of the newly appointed Satyam board, today said the board will meet on Saturday.
He said KPMG and Deloitte have started auditing the books of Satyam and that the crisis-ridden IT firm has receivables of around Rs 1,700 crore. According to television reports, he also indicated that Satyam would not face a financial crunch in case it were to recover its receivables.
Earlier in the day, the government ruled out any bailout package for Satyam, but assured it would do everything required to save jobs under the framework of its responsibilities.
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