JOIN US“The government has been very very helpful and positive ...it was a good day, we were all in town (and) so we just came to say thank you because we have reached a stage”, company’s Chairman Kiran Karnik told PTI after meeting Ahluwalia.
The meetings with Singh and Ahluwalia have taken place just two days before the announcement of the results of the general elections for the 15th Lok Sabha.
Besides Karnik, other nominees on Satyam board are HDFC Chairman Deepak Parekh, former ICAI chairman T M Manoharan, CII Chief Mentor Tarun Das, LIC executive S B Mainak and former presiding officer of Securities & Appellate Tribunal C Achuthan.
Asked how long the government nominees would continue on the board of Satyam, Karnik said, “It is up to Tech Mahindra to decide ... They are the new owners.” As regards government-appointed board, he said “we have finished our task and now we should move out ...We were appointed by the government to do a certain job. The company has now done well ... it survived. It got a new owner. We should be out of it.”
US nod awaited
Further Satyam Computer Services is awaiting the nod of US authorities for inducting four representatives of Tech Mahindra on the IT company’s board.
“From Indian context it is all clear...once the US approval comes, their (Tech Mahindra’s) representative will be inducted into the board very soon”, Satyam Board Member T M Manoharan told PTI when asked as to when representatives of new owners would join the board.
Paving the way for takeover of crisis-ridden Satyam by Tech Mahindra, the Company Law Board (CLB)allowed the new owners to appoint Vineet Nayyar, C P Gurnani, Sanjay Kalra and Ulhas N Yargon on the board. Hesaid “many approvals have come... Satyam shares are listed across the globe in many stock exchanges...US approval is awaited.”