Satyam Computer Services Ltd. (fka SAYCY)

[mcmorlod3]

News for 'SAY' - (DJ Hinduja Global Solutions Also In Fray To Acquire Satyam - PTI)

MUMBAI (Dow Jones)--India's Hinduja Global Solutions Ltd. (532859.BY), a unit of the Hinduja Group, has expressed interest in acquiring Satyam Computer Services Ltd. (500376.BY), the Press Trust of India reported Sunday, citing unnamed company sources.

The report said Hinduja Global has sent a formal communication to Goldman Sachs, the newly appointed investment banker for Satyam, saying it is keen to participate in the bidding process as and when it starts.

The company has over $100 million in cash and cash-equivalents, and its founders will also chip in if required, the report cited unnamed company officials as saying.

-By Mumbai Bureau; Dow Jones Newswires; 91 22 2288 4212; [e-mail]

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(END) Dow Jones Newswires

February 01, 2009 23:53 ET (04:53 GMT)

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