Satyam close to securing funding,top managementhttps://indianexpress.com/article/news-archive/web/satyam-close-to-securing-funding-top-management/

Satyam close to securing funding,top management

The new board of fraud-hit Satyam Computer Services said that additional funding arrangements and the appointment of the top management were in the final stages of being concluded.

The new board of fraud-hit Satyam Computer Services said on Friday that additional funding arrangements and the appointment of the top management were in the final stages of being concluded.

The board said in a statement it had narrowed the shortlist of candidates for chief executive and chief financial officer to the final three and the decision would be made in the coming week.

Existing customers continue to release new work orders and collections from receivables were robust,it said.