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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) iGate, which had participated in the first round of bidding, backed out from completing the second round. Earlier, the Hinduja group had opted out. Incidentally, global majors like IBM are understood to have entered the second round, but this could not be independently confirmed. Other names floating include that of Hewlett-Packard and KKR Private Equity Investors.

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Peers
Company Name CMP
TCS 2582.05
Infosys 1314.45
HCL Tech. 1431.05
Wipro 202.60
Tech Mahindra 1510.25
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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