Spice Group not bidding for Satyam

Spice Group is not submitting a bid for fraud-hit outsourcer Satyam Computer,a company official said on Monday.

Spice had been asking for some changes to the bidding process,including public disclosure of the names of other bidders for a 51 per cent stake in the outsourcing firm

8220;We were very clear. If there is no open auction,we are withdrawing,8221; Preeti Malhotra,executive director at Spice Innovative Technologies,a Spice Group unit,said.