Satyam Promoters Corporatize their shareholding

Satyam Computer Services Ltd has announced that the promoters of the Company on September 14, 2006 announced corporatization of their shareholding in the Company. There is no change in the effective shareholding of the core promoters in the Company as a result of this structuring. This structuring has been undertaken in an effort to corporatize existing shareholding of the core promoters.

In this structuring, entire 8.5% shareholding held by Mr. B Rama Raju, Mr. B Ramalinga Raju, Mrs. B Nandini Raju, Mrs. B Radha Raju, in their individual capacities, has been transferred to a holding company controlled by them. This transfer was executed through a block trade over the stock exchanges.

The Company and the promoters of the Company shall be making all requisite filings with the stock exchanges as per exchange regulations.

Source : Equity Bulls

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