Sunday, January 18, 2009

Satyam has not sought any govt financial help-min

NEW DELHI, Jan 15 (Reuters) - Satyam Computer Services Ltd (SATY.BO) has not sought any financial help from the government and the new board is working on reviving the company, Corporate Affairs Minister Prem Chand Gupta said on Thursday.
"The company has not asked for any package. Three days ago a new board has been appointed. The board consists of eminent persons. They are on the job," Gupta told reporters.
"Now it is for the new board to take a view. They may not need that," Gupta said while elaborating on any government financial help for Satyam (SAY.N).
"If they require funds, they will raise it from banks." (Reporting by Nigam Prusty, Editing by Mark Williams)

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