Satyam Board Meet On, CEO to Be Named, Share up by 31%
January 23rd, 2009
Satyam Board which is meeting toady will decide on CEO of the company and also appoint the investment Banker,
Market news is that the company has received some of the receivable to the company and working with the newly appointed auditors to restate the accounts.
The company may hold press meet in late evening,
Meanwhile, the market buzz is Larsan Turbo(L&T) which hold 4% stake in the company has increased its stake to 12% via block deals, this steps has been taken in order to proctet the LNT Intrest
Share price of Satyam closed at 38.85 up by 31%