Spice keen on investing Rs 20 bn in Satyam

Posted By: Staff
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New Delhi, Jan 30: Spice Group is keen to acquire 51 per cent stake and invest about Rs 20 billion in Satyam Computers, said Spice Chairman B K Modi.

"That is our desire," Modi said on Friday, Jan 30. "We want the money to go inside the company. For that they will have to make a preferential issue. If I buy shares from the market, the money will not go into the company."

Modi said the group had submitted on Thursday, Jan 29 its proposal to the  government-appointed new board of Satyam.

"We have also talked to two, three board members informally."

OneIndia News (With inputs from Agencies)

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