New Delhi: Domestic and foreign companies has approached troubled software exporter Satyam for takeover, the IT company’s board member Tarun Das said on Tuesday.

The board will meet for two days starting January 22 in Hyderabad and would talk about the issues such as search CEO and CFO, legal matters and instant cash necessities to run the company, he told reporters in New Delhi.

The board would also discuss whether it needs to ask the government to stand as a guarantor for raising loans. Das said the company has been approached for takeover by both international and Indian IT firms. There have been unverified reports that the company might soon employ investment bankers to give guidance on a merger or sale.

Earlier, another board member Deepak Parekh had said that choice of merger was always open for the company. The board meeting would conscious on class action lawsuits filed against the company in the US.

The six-member board, selected by the government to run the firm after a shocking Rs 7,800 crore fraud revelation by founder Ramalinga Raju on January 7, last met on January 17.