Profit

More members appointed to Satyam's board

PUBLISHED ON: January 15, 2009 | Duration: 1 min, 47 sec

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The government on Thursday appointed three more professionals on Satyam's board, even as member Deepak Parekh said the IT firm can raise funds by mortgaging assets - dispensing with the need for central assistance. Apex industry association CII's chief mentor Tarun Das, noted chartered accountant and a past president of ICAI T N Manoharan and S Balkrishna Mainak of LIC, a major investor in Satyam, would join Parekh, Kiran Karnik and C Achuthan at the board.
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