Profit

Raju family's stake in Satyam dips to 3.6%

PUBLISHED ON: January 6, 2009 | Duration: 1 min, 39 sec

   
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IT major Satyam Computer Services on Tuesday said the stake of promoters, B Ramalinga Raju and his family, in the company has dropped by nearly two per cent to 3.60 per cent following the share sale by lenders, with whom all the promoter's equity has been pledged. In a disclosure to the Bombay Stock Exchange, Satyam said that SRSR Holdings' stake in Satyam has come down to 3.60 per cent from 5.13 per cent due to the sale of shares pledged by the promoters to lenders for raising funds.
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