Announcement posted by Satyam 03 Apr 2009
Sydney, AUSTRALIA,
April 3, 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.
About Satyam
Satyam
(NYSE: SAY), a leading global business and information technology services
company, delivers consulting, systems integration, and outsourcing solutions to
clients in numerous industries across the globe. Satyam leverages deep industry
and functional expertise, leading technology practices, and an advanced, global
delivery model to help clients transform their highest-value business processes
and improve their business performance. The company's professionals excel in
engineering and product development, supply chain management, client
relationship management, business process quality, business intelligence,
enterprise integration, and infrastructure management, among other key
capabilities.
Satyam
development and delivery centers in the US, Canada, Brazil, the UK, Hungary,
Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve numerous
clients, including many Fortune 500 organizations. For more information, see www.satyam.com.