Promoters of Satyam Computer Services have announced corporatisation of their shareholding in the company. There is no change in the effective shareholding of the core promoters in Satyam Computer Services as a result of this structuring. This structuring has been undertaken in an effort to corporatise existing shareholding of the core promoters.
In this structuring, entire 8.5% shareholding held by Mr. B Rama Raju, Mr. B Ramalinga Raju, Mrs. B Nandini Raju, Mrs. B Radha Raju, in their individual capacities, has been transferred to a holding company controlled by them. This transfer was executed through a block trade over the stock exchanges.
Satyam Computer Services and the promoters of Satyam Computer Services shall be making all requisite filings with the stock exchanges as per exchange regulations.
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