The Indian Government is willing to wait and is apparently in no hurry to change the management of Satyam before it gets settled. The thinking behind this move is that selling the company in short notice will be unfair to the existing shareholders.

The steps towards determining the reserve price of Satyam in case of an auction are as follows:

1.Need for clarity on Satyam’s assets and liabilities.

2.Restating the financial statements of Satyam.

3.Declaring the long term goals and prospects of Satyam.

Corporate Giants like L&T, BK Modi’s spice group have shown immense interest in buying Satyams assets. The government appointed Satyam board has asked SEBI to make an  exception in takeover rules as the main theme behind this is to calculate the real value of Satyam as opposed to the fabricated figures in Satyam’s accounting.