Satyam got Rs 2k cr in Jan-March

Satyam Computers has had receivables worth Rs 2,000 Crore in the January-March period from new and existing clients, its chairman, Mr Kiran Karnik said.

“We have had Rs 2,000 Crore collections from new work and some of the existing clients over the three months (January-March) ... some clients left but we have got some new work,” he said. He said the rate of receivables per month was about $140-150 mn. The company had raised a loan Rs 685 Crore to meet some of its working capital needs.