Tech mahindra
Tech mahindra

Satyam Refines Bidding Process

Hyderabad, INDIA, April 2, 2009: Satyam Computer Services Ltd. (NYSE: SAY; BSE: SATYAM; NSE: SATYAMCOMP) (the "Company") announced today that it had submitted a letter (“SEBI Letter”) to the Securities and Exchange Board of India (the “SEBI”) relating to a slight modification in the bidding process to be followed by the Company to select an investor. This press release and the SEBI Letter have been filed with the Bombay Stock Exchange and the National Stock Exchange. This press release and the SEBI Letter are also being furnished to the U.S. Securities and Exchange Commission (the “SEC”) on Form 6-K, and are available to the public over the Internet at the SEC’s website at http://www.sec.gov.

This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and its management, as well as financial statements. The Company does not intend to register any securities in the United States or to conduct a public offering of securities in the United States.
As previously disclosed, the Company Law Board, Principal Bench New Delhi authorized the Company’s Board of Directors to select an investor, subject to certain conditions.


Satyam Contacts:

For clarifications, write to us at MediaRelations@Satyam.com Or contact our global Satyam PR representatives at:

India              Archana Muthappa archana_muthappa@satyam.com
                      +91-981-980-8681

US                  Jim Swords james_swords@Satyam.com
                      +1-703-877-2225

Europe           Sandeep Thawani Sandeep_Thawani@Satyam.com
                       +44-783-010-3838

Asia-Pacific    Dan Bleakman Dan@howorth.com.au
                       +61-439-408-484
                       Reshma Wad Jan Reshma@wer1.net
                       +65-98-140-507

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Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.4 billion company with 117,600+ professionals across 90 countries, helping over 840 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is amongst the Fab 50 companies in Asia as per Forbes 2016 list.

The Mahindra Group is a USD 19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.

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