Profit

Raju's stake in Satyam dips to 5.13%

PUBLISHED ON: January 2, 2009 | Duration: 0 min, 26 sec

   
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IT major Satyam Computer Services on Friday said Ramalinga Raju family's holding in the company has dropped by over three per cent, following share sale by lenders, with whom all the promoter equity has been pledged. In a filing to the Bombay Stock Exchange, the company said that SRSR Holdings stake in Satyam has come down to 5.13 per cent due to the sale of shares pledged by the promoters to lenders for raising funds.
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