The board of Satyam Computer Services Ltd
Potential bidders must submit a detailed expression of interest and have available at least 15 billion rupees ($300 million) by 5 p.m. (1130 GMT/7:30 a.m. EDT).
A Satyam spokeswoman declined to comment on the agenda of the board meeting, but analysts said the board was likely to review the details of potential buyers.
Indian engineering firm Larsen & Toubro
Spice Group Chairman B.K. Modi told Reuters the company would submit its expression of interest by Friday afternoon, and a Larsen spokesman said the company was also expected to do so later in the day.
Officials at iGate and Tech Mahindra could not be immediately reached.
New York-listed Satyam
The new government-appointed board is keen to bring in an investor to restore confidence among its roughly 50,000-strong staff and more than 600 customers, which include General Electric
Satyam said last week Indian and foreign firms, including private equity companies, had registered to bid for a 51 percent stake but gave no details of names or number.
($1 = 50.2 rupees)
(Reporting by Sumeet Chatterjee; Editing by Ranjit Gangadharan)