Three companies submit EoI to Satyam

L&T, Spice Corp and Tech Mahindra have submitted their expression of interest (EoI) to participate in the open auction to acquire 51 per cent of controlling stake in Satyam Computers Services.

According to media reports iGATE decided not to participate in the process of auction for Satyam' stake. The three companies have expressed their interest.

The Spice Corp spokesperson confirmed that the company submitted the EoI with proof of availability of cash of Rs 1,500 crore. Tech Mahindra also presented cash proof along with the EoI for the auction.