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The software exporter has received market regulator SEBI's approval to sell 51 per cent of the stake through a global bidding process.
"The bidding process will begin shortly," Parekh told reporters here after meeting Corporate Affairs Minister P C Gupta.
Parekh, along with Satyam Chairman Kiran Karnik and board member Tarun Das, today met the minister.
Meanwhile, Gupta said the bidding process is being done on a "war footing" and added that a retired Supreme Court judge would be overseeing the whole process, which would ensure that it is done in a transparent manner.
"There is no delay ... The whole process is going on and it is being done on a war footing," he noted.
The minister further added that bidders who have doubts on any issue can contact the Satyam board or the government for clarification.
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