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Satyam down 28%: Raju resigns, DSP-ML says goodbye

No Comments » Written on January 7th, 2009 by
Categories: Satyam
Satyam stock is down 28% from the 185 levels I talked about in my last post, a few minutes back!

Update: Ramalinga Raju, the CEO, has resigned. He has sent a letter saying he cooked the books. DSP-Merrill Lynch, a firm retained for corp. governance, has terminated its association with the company.

This is horrendous. Horrendous. Stock down 50% now.

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This entry was posted on Wednesday, January 7th, 2009 at 6:28 AM and is filed under Satyam. You can subscribe to any comments to this entry via RSS 2.0. You can leave a response, or trackback from your own site.

About the Author: Deepak Shenoy
http://www.capitalmind.in
The man behind Capital Mind. Deepak has co-founded MarketVision, a financial knowledge startup. He has traded the Indian Markets for nearly a decade. Deepak lives in Gurgaon and fears using long words.

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