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Tuesday, January 27, 2009

Satyam names Goldman Sachs, Avendus as investment bankers

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The Satyam board meet was held today at the Satyam Infocity Campus in
Hyderabad. Post the meeting, Satyam board said it has appointed
Goldman Sachs and Avendus as its investment bankers. Meanwhile, Boston
Consulting Group was named as management advisors. The company said
the 3-member BCG team is expected to work on reviving Satyam. However,
no decision has been taken on CEO, CFO appointment yet.

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