Satyam may get Rs 2,000cr

The corporate affa-irs minister, Mr Prem Chand Gupta, in a high level meeting chaired by the Prime Minister, Dr Manmo-han Singh, informed that Satyam may need Rs 500 crore immediately to meet salary and other working liabilities of the company, said sources. Further, over a period of four months it may need an assistance of Rs 2,000 crore from the government. During the meet at the Prime Minister’s residence, among the options, apart from government funding, the leaders also deliberated over the possibility of selling Satyam’s assets to raise funds, sources in the Prime Minister’s Office said adding that Dr Singh was closely monitoring the Satyam developments.

Among the leaders who attended the meeting were the external affairs minister, Mr Pranab Mukherjee, the home minister, Mr P. Chidambaram, the commerce and industry minister, Mr Kamal Nath, the corporate affairs minister, Mr P.C. Gupta and the deputy chairman of planning commission, Mr Montek Singh Ahluwalia.