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This is an archive article published on January 27, 2009

Satyam appoints bankers,can pay Jan salaries

Satyam Computer Services Ltd said on Tuesday its new Government-appointed board had appointed bankers and management advisors to identify strategic investors and obtain expressions of interest.

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Satyam Computer Services Ltd said on Tuesday its new Government-appointed board had appointed bankers and management advisors to identify strategic investors and obtain expressions of interest.

The board has appointed Boston Consulting Group as management advisors and Goldman Sachs and Avendus,an Indian investment bank,as investment bankers,the company said in a statement.

The board said it had also concluded most discussions related to immediate funding requirements,but did not specify details.

It said it would pay January salaries as scheduled from internal accruals and receivables.

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