Satyam is struggling as clients cancel contracts
Fraud-hit IT firm Satyam has been given the go-ahead to sell most of itself.
Indian financial authorities approved plans for the company to sell a 51% stake as it seeks to win back clients and restore customer confidence.
Reports suggest computing giant IBM and Indian engineering firm Larsen & Toubro are frontrunners for the stake.
Satyam has struggled since former boss Ramalinga Raju admitting inflating their assets by more than $1bn.
Shares in Satyam jumped 18% after the company's state-appointed board got approval to sell the majority holding.
Satyam lost more than 80% of its market value following Mr Raju's confession in January.
The auction for the stake will be global and potential buyers would need to have assets of at least $150m.
The buyer then would not be able to sell its stake for at least three years, Satyam said in a statement.
Satyam had been one the biggest players in the booming Indian IT software market, supplying back-office services to firms from around the world.