Board members of Satyam Computer Services will meet here tomorrow to take forward the process of selling 51 per cent stake in the company through bidding.
"The board is meeting here informally tomorrow. This will be to take an update of the bidding process and continue the evaluation of bidders," a source close to the development told PTI here today.
The board is understood to have completed due diligence on interested parties who have evinced an interest in the IT major.
A decision on the winner is expected to be announced on April 13.
The potential bidders include engineering major Larsen & Toubro, Tech Mahindra and private equity firm, W L Ross, among others.
L&T, which owns a 12.04 per cent stake in Satyam is being considered as the front-runner to buy the company.
The winning bidder can acquire up to 31 per cent stake in the company and an additional 20 per cent through an open offer.
Though Satyam had fixed the deadline of April 9 to submit bids, it later extended the date to April 13 as the bidders requested more time for evaluation.
