« « Satyam founder stake falls to 3.64%
Raju’s letter to Satyam » »

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.

Related Posts Plugin for WordPress, Blogger...

Related posts:

  1. DSP-ML: All over Satyam Satyam has hired DSP-ML to "look at available options to...
  2. Satyam Director Mangalam Srinivasan Resigns From ET: Mangalam Srinivasan, a US-based academic who has been...
  3. U.S. Horror Stories and Rate Cuts Capital One, a credit card issuer in the US, cut...
  4. Lehman Bankrupt, Employees in India leaving Lehman Brothers is Bankrupt. After Barclays dropped out and Bank...
  5. Satyam founder stake falls to 3.64% Livemint: Satyam founder holding falls again The holding of the...

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 is a co-founder at MarketVision, a financial knowledge company in Gurgaon. He also provides data research and consulting services in the financial markets space. Connect with him at deepakshenoy@gmail.com.

Leave a Reply