01-16-2009, 12:50 AM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Satyam needs Rs 150 cr, Govt says no bailout</b>Â
Satyam (SATYAM.BO : 20.3 -9.65)'s senior management executive Ram Mynampati has informed the government that the troubled IT firm would need Rs 150 crore to meet insurance liabilities of its US employees.
"We have received a mail or two from Mynampati. They indicated that they would need something of the order of <b>Rs 150 crore to take care of the health insurance liabilities of the employees in the US," </b>Economic Affairs Secretary Ashok Chawla said in New Delhi.
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Satyam (SATYAM.BO : 20.3 -9.65)'s senior management executive Ram Mynampati has informed the government that the troubled IT firm would need Rs 150 crore to meet insurance liabilities of its US employees.
"We have received a mail or two from Mynampati. They indicated that they would need something of the order of <b>Rs 150 crore to take care of the health insurance liabilities of the employees in the US," </b>Economic Affairs Secretary Ashok Chawla said in New Delhi.
....
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