The board of Satyam Computer will meet again on Thursday to discuss further the process for stake sale and is likely to finalise the norms for inviting expression of interests (EoI) from interested parties.
A company spokesperson said the board is scheduled to meet on February 26 but gave no further details.
The board is also expecting the approval from market regulator Sebi before drawing up plans for the first step for stake sale -- inviting EoI. Once the EoI is finalised, it can formaly ask parties to put in their EoIs by week-end.
The board is also likely to discuss as to what extent information with regard to clients and receivables from them could be shared with prospective bidders.
The process has to be put on fast track as the visible revival in the company in terms of client acquisition should not be lost on delays, said the source.
Satyam board Chairman Kiran Karnik had earlier told PTI that the by the end of the week the company should be in a position to share the details of the stake sale process with the potential bidders after getting the regulatory approval.
Satyam, which had lost a few big clients since January 7, the day its founder B Ramalinga Raju disclosed cooking up account books of the company for the past many years, has bagged deals worth $250 million so far.
