The board of Satyam Computer Services, which commenced its crucial two-day meeting in Hyderabad on Wednesday, is learnt to have considered buyout offers made by the suitors for the IT firm and deliberated on the selection of the CEO and CFO for the company.

Although there was no official confirmation of the names of the interested companies, which have submitted their expressions of interest (EoIs), it is believed that the suiters include engineering major Larsen & Toubro, Mahindra Group, Hindujas, Spice and i-Gate, among others.

The government-appointed board is also expected to name the CEO and CFO on Thursday to carry out the daily operations of the trouble-torn company, besides looking at options for raising funds for paying staff wages.

Meanwhile, it was reliably learnt that three PSBs have given in-principle nod to Satyam to provide short-term loans for meeting salary, working capital, payment of arrears to vendors, provident fund dues, TDS and rentals charges.

"Satyam has reached an in-principle agreement with three leading state-owned banks to get short-term loans. The company can mortgage its land bank to avail this funding," said a source.

The Satyam board is expected to make a statement on these issues on Thursday after the extended board meeting ends, a spokesperson said.

In a note to the company's employees on Monday, the board had said an announcement relating to "critical leadership appointments" was expected to be made at the board meeting.

Analysts said Satyam's new head would work closely with the board to try to revive the company and to restore the confidence of its more than 600 clients and about 50,000 employees.

Meanwhile, the market regulator SEBI on Wednesday started questioning the jailed founder of the company B Ramalingaraju and his brother B Ramaraju in connection with the Rs 7,800-crore scam.