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Satyam board shortlists six bidders

The government-appointed board of Satyam Computer Services is understood to have shortlisted six bidders, including BK Modi’s Spice, Larsen & Toubro and Tech Mahindra, in the second round of the bidding process for selling a majority stake in the troubled company. Spice Corporation confirmed that it had been shortlisted. Group company Spice Innovative Technologies (which submitted an expression of interest to acquire Satyam) also announced the appointed of US-based Joe Liemandt as a director. “Liemandt is founder-chairman & CEO of Trilogy Inc and on its board of ...