HYDERABAD, INDIA: Satyam Computer Services is set to have new owner shortly. The company is planning to open the financial bids on April 13. Deepak Parekh, board member informed that the the financial bids will be opened at 9 am on April 13 and the winning bid will be announced on the same day.

Satyam Computer's board of directors on Friday met its bidders including Larsen & Toubro and Tech Mahindra here as part of the due diligence process to sell up to a 51% stake in the beleaguered IT major.

According to media reports, the company has shared the information related to revenue streams, liability position and asset status to the bidders.

Engineering major L&T, which holds a 12.04 per cent stake in Satyam, is being considered the front-runner in the deal while private equity firm, W L Ross and IBM, are also understood to be in the race.