BANGALORE, March 25 (Reuters) – Spice Group, a suitor for
Satyam Computer Services , may withdraw from the race
to buy the fraud-hit Indian outsourcing firm due to a lack of
desired transparency in the bidding process, its chairman said
on Wednesday.
“We have the letter. It’s not very positive, so we may be
withdrawing,” B.K. Modi said of Satyam’s response to Spice’s
request to make the bidding process more transparent.
“We wanted transparency, which we have not got. We don’t
