Even as today's 5:00 pm deadline for bidders to submit detailed expressions of interest (EoIs) ended, the board of Satyam Computer Services Ltd was huddled in a meeting that may result in more clarity about the issue, as bidders have been demanding.

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. It will get inputs from newly-appointed audit firms KPMG and Deloitte.

The global audit firms will be making a presentation on Satyam's revenues and other financial information based upon the investigation carried out by them over past few weeks.

Engineering major Larsen & Toubro, IT services firm Tech Mahindra, the diversified Spice Group, and US outsourcer iGate Corp have all said they have registered as potential bidders, but are awaiting details before submitting final bids.

After taking the first step by registering on the Satyam website on 12 January, the bidders were required to put in their (EoIs along with a cash proof of Rs1,500 crore by this evening. After this, when the bidders are finalised, the board may give them an insight into the financial details of the company.

The Satyam board is expected to decide before 25 March who the final bidders in contention will be. Those who proceed to the next round will be handed over confidential documents, after which they can take due diligence and put in the final bid.

All parties have asked the Satyam board for a complete disclosure of all liabilities - Tech Mahindra has asked for a list of the forex losses, and whether the company has any inter-corporate deposits.

The government-appointed board is keen to bring in an investor to restore confidence among Satyam's roughly 50,000-strong staff and more than 600 customers, which include General Electric Co and Qantas Airways.

The Satyam board is also expected to provide an update on the customer exits and employee attrition. Around 46 customers including State Farm Insurance and Telstra have either stopped dealing with Satyam or are in the process of shifting to rival technology firms such as TCS, Wipro and IBM.

The scam-hit Satyam is set to restate its reported revenues over the last seven years by at least 10-15 per cent, according to preliminary estimates. 

The US-based iGate Corp had said earlier that its bid for Satyam would be well short of the company's current share price, triggering a fresh round of questions on the valuation of the company.

''(From) what we have picked up in terms of the financials, I do believe our bid will be quite a bit south of the 90 cents a share which is currently the market price of Satyam,'' company representative Phaneesh Murthy told CNBC TV18.

Murthy said bidding for the controlling stake would be a tough task due to the uncertainty about Satyam's finances and liabilities arising from the class action lawsuits filed in the United States on behalf of Satyam's shareholders there.

''I think it's a big struggle for any public company to bid for this company,'' he said.