Satyam names Goldman Sachs, Avendus as investment bankers

The scheduled Board of Directors of Satyam Computer was held on Tuesday in Hyderabad. The six member board meeting was chaired by T.N. Manoharna, the former head of ICAI.

There are reports that the Satyam Computers would pay the salaries to its employees for January as scheduled from its internal accrual and receivables.

In the board meeting, the members have appointed Goldman Sachs and Avendus as investment bankers and Boston Consulting Group as management advisors to support the directors and the leadership team.