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In the meanwhile, in its efforts to salvage Satyam, the newly appointed board, with the advice of its new auditors KPMG and Deloitte, is strategising and planning to secure funds to pay salaries and other overheads besides appointing a new chief executive and chief financial officer for the troubled company. Reports are also trickling in about indications of a possible buyout of the company by General Electric and Nestle. Meanwhile, India’s leading construction and engineering company, Larsen & Toubro, has raised its stake in Satyam from 4 percent to 12 percent in order to secure its position in the company. American outsourcing company iGate Corp has also indicated its intention to buy Satyam and to fuel its ambition, and was touching base with certain firms to finance the deal.