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India's Satyam: Vast majority of customers stayed on

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MUMBAI | Mon Apr 13, 2009 9:48am BST

MUMBAI (Reuters) - The vast majority of customers of fraud-hit Satyam Computer Services (SATY.BO) have stayed on through the process of a stake sale in the company, Chairman Kiran Karnik said on Monday.

India's Tech Mahindra (TEML.BO) was the highest bidder for Satyam, agreeing to buy a 31 percent stake at 58 rupees per share, a 23 percent premium to Satyam's last closing price.

(Reporting by Prashant Mehra; Editing by John Mair)
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