Satyam founder stake falls to 3.64%

Jan 07, 2009

Livemint: Satyam founder holding falls again

The holding of the Raju family in Satyam Computer Services Ltd fell to 3.64% after IL&FS Trust Co. Ltd informed the stock exchanges on Tuesday that it had sold 24.52 million of the firm’s shares that had been pledged with lenders

More: Satyam looks for merger with HCL or Mindtree, Tech Mahindra makes it an offer, there’s a hearing for the UPaid case on Jan 7, and the board meeting is on Jan 10.

The stock, meanwhile, is at 186, a good 50% off it’s lows of 120.

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