KPMG and Deloitte - new auditors for Satyam Computer Services

The government appointed board for Satyam Computer Services has taken first step for survival of the company and has named new auditors.

KPMG and Deloitte were appointed as the new auditors. The new audit firms replace PricewaterhouseCoopers.

The Reserve Bank of India has sought details of banks' exposures to Satyam and other firms run by the founding family, including Maytas property companies.

Satyam's market value has dived to less than $450 million from more than $7 billion six months ago.

According to company affairs minister PC Gupta, "different possibilities" were being examined.

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