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Company Law Board Sees...

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The approval should not take more than 24 hours after filing, S. Balasubramanian told reporters.

Satyam said Indian IT services firm Tech Mahindra was the wining bidder with an offer of 58 rupees a share.

Meanwhile, Larsen & Toubro, which has built up a 12 percent stake in Satyam Computer Services, plans to hold on to the stake, its chief financial officer said on television channel NDTV Profit.

Earlier Satyam named mid-sized outsourcer Tech Mahindra as the highest bidder for it.