What is the share price of Mahindra Satyam?
More on MAHINDRA SATYAM
|Live BSE Quotes|
|Price (Rs)115.30||Open (Rs) 115.75||High (Rs) 119.15|
|% Change0.00||Volume 5,893,298||Value (Rs) 681,442,784|
What happened to Satyam Computer shares?
The New York Stock Exchange has halted trading in Satyam stock as of 7 January 2009. India’s National Stock Exchange has announced that it will remove Satyam from its S&P CNX Nifty 50-share index on 12 January. The founder of Satyam was arrested two days after he admitted to falsifying the firm’s accounts.
What was Satyam share price in 2008?
Satyam share price in January 2008 was Rs 541. In January 2009, it was around Rs 188.
What is the new name of Satyam Computers?
After Fraud Scandal, the Indian Outsourcer Satyam Is Renamed Tech Mahindra, a unit of the tractor and utility vehicle maker Mahindra & Mahindra, won an auction in April for a controlling stake in Satyam.
What were the reasons for downfall of Satyam Computers Ltd?
Among many reasons for the collapse was the former Chairman and CEO of Satyam Computer Services, Ramalinga Raju, stepping down from his role after his admission that he embezzled the company of Rs 7,140 crore.
What are the factors that led to the downfall of Satyam Computers?
Which company merged with Tech Mahindra?
Tech Mahindra and Mahindra Satyam (Satyam Computer Services) have formally completed the merger, the two IT services companies said on Tuesday. The announcement comes four years after the Mahindra Group company acquired Satyam, then hit by an accounting scandal by its promoter Ramalinga Raju.
What happened Mahindra Satyam?
The formal merger took place today. Tech Mahindra on Tuesday announced the completion of Mahindra Satyam’s merger with itself. Post-merger, the new entity will become the fifth largest IT company in the country with revenues of $2.7 billion.
Why did Mahindra take over Satyam?
Tech Mahindra and its parent organisation – the Mahindra Group saw the acquisition of Satyam as a strategic opportunity to move to the next level of growth. The acquisition would allow the Group to diversify across verticals, customers, and geographies, market a wide range of services to Satyam’s strong customer base.
Why is Satyam case called Enron of India?
The Economic Times described Satyam Computer Services founder and chairman B. Ramalinga Raju’s admission that accounts and assets had been falsified and profits inflated as “the biggest fraud in India’s corporate history.”
Who is the main player of Satyam Computer Solution?
|Known for||Founder and former Chairman of Satyam Computer Services|
|Criminal penalty||Convicted to 7 years prison|
|Criminal status||Out on Bail|
|Spouse(s)||Nandhini ( m. 1976)|
What happened to Satyam employees?
During the period FY’08-09 and FY’09-10, the co’s employees’ strength changed from 44,000 to 27,000,according to Chairman Vineet Nayyar. HYDERABAD: IT firm Mahindra Satyam (formerly Satyam Computer Services) today said as many as 17,000 employees left the company in the last two fiscals.
Who owns Satyam Computers now?
Satyam was purchased by Tech Mahindra in April 2009 and renamed Mahindra Satyam. On 11 May 2015, within a month of being convicted, Ramalinga Raju and all others who were found guilty were granted bail by a special court in Hyderabad.
How much money did the Raju’s earn from sales of Satyam stock?
MUMBAI — Satyam Computer Services executives reaped $1.8 million from share sales in the six months before a botched takeover and fraud inquiry at the Indian software exporter led to a record fall in its stock.
Is Satyam still alive?
Satyam Computers, back in the ’90s, used to be a highly successful IT firm which ultimately collapsed and shut down in 2015.