Spice Group has evinced interest in acquiring stake in the fraud-hit IT company.

The group said that it would invest in Satyam Computer Services only if the software company gives the majority stake in it.

The Company Law Board (CLB) on Thursday sanctioned Satyam’s plan to raise its capital to sell around 26% to a strategic investor via preferential allotment of shares.

Engineering conglomerate Larsen and Toubro, which already holds 12 percent stake in the company, stated that its directors will assess CLB’s order before deciding on whether to increase equity stake in the company.

After getting the Company Law Board’s nod, the board of Satyam started its meeting today to discuss the path of discovering a strategic partner.

A company spokesperson said, “The board meeting has started.”

Kiran Karnik, Satyam Chairman said that the company’s board would talk over the CLB’s authorization, and mull over initiation of a strategic partner in the IT company.

Shares of Satyam Computer Services fell 1.73% at Rs 45.45 on Friday (Feb 20) on the Bombay Stock Exchange (BSE). The total volume of shares traded stood at 14,476,884. The share price has seen a 52-week high of Rs 544 and a low of Rs 11.50.