Satyam Computer Services could be acquired by Tech Mahindra subsidiary Venturebay Consultants, which has bought a 31% stake in the IT outsourcing for $325-million.
The troubled IT outsourcing company has been embroiled in a $1-billion fraud scandal that rocked the Indian outsourcing industry earlier this year.
The accounting scandal led to the resignation of founder Ramalinga Raju, who said the error grew from a small discrepancy years ago.
Satyam is one of the biggest IT outsourcing companies in India and its clients include almost one-third of the Fortune 100 companies. It employs 53 000 people in 66 countries around the world.