The global bidding process for the stake sale in crisis-ridden Satyam Computer will begin shortly, the company's board member Deepak Parekh said today.
The software exporter has received market regulator Sebi's approval to sell 51 per cent of the stake through a global bidding process.
"The bidding process will begin shortly," Parekh told reporters here after meeting Corporate Affairs Minister P C Gupta.
Parekh, along with Satyam Chairman Kiran Karnik and board member Tarun Das, today met the minister.
Meanwhile, Gupta said the bidding process is being done on a "war footing" and added that a retired Supreme Court judge would be overseeing the whole process, which would ensure that it is done in a transparent manner.
"There is no delay... The whole process is going on and it is being done on a war footing," he noted.
The minister further added that bidders who have doubts on any issue can contact the Satyam board or the government for clarification.
