Scribd Logo
Upload

Welcome to Scribd!

  • <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"> <HTML><HEAD><META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso-8859-1"> <TITLE>ERROR: The requested URL could not be retrieved</TITLE> <STYLE type="text/css"><!--BODY{background-color:#ffffff;font-family:verdana,sans-serif}PRE{font-family:sans-serif}--></STYLE> </HEAD><BODY> <H1>ERROR</H1> <H2>The requested URL could not be retrieved</H2> <HR noshade size="1px"> <P> While trying to process the request: <PRE> TEXT http://www.scribd.com/titlecleaner?title=Satyam+Scandal.pptx HTTP/1.1 Host: www.scribd.com Proxy-Connection: keep-alive Proxy-Authorization: Basic c3R1ZGVudDppc2Jt Origin: http://www.scribd.com X-CSRF-Token: c6998e6e8b01da19316f5d944fa5c689cb6ae436 X-Requested-With: XMLHttpRequest User-Agent: Mozilla/5.0 (Windows NT 6.1; WOW64) AppleWebKit/537.11 (KHTML, like Gecko) Chrome/23.0.1271.97 Safari/537.11 Accept: */* Referer: http://www.scribd.com/u

    Uploaded by

    Deepzz Sanguine
    8 views19 pages
    Facts about Satyam Scandal

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Facts about Satyam Scandal

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views19 pages

    <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"> <HTML><HEAD><META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso-8859-1"> <TITLE>ERROR: The requested URL could not be retrieved</TITLE> <STYLE type="text/css"><!--BODY{background-color:#ffffff;font-family:verdana,sans-serif}PRE{font-family:sans-serif}--></STYLE> </HEAD><BODY> <H1>ERROR</H1> <H2>The requested URL could not be retrieved</H2> <HR noshade size="1px"> <P> While trying to process the request: <PRE> TEXT http://www.scribd.com/titlecleaner?title=Satyam+Scandal.pptx HTTP/1.1 Host: www.scribd.com Proxy-Connection: keep-alive Proxy-Authorization: Basic c3R1ZGVudDppc2Jt Origin: http://www.scribd.com X-CSRF-Token: c6998e6e8b01da19316f5d944fa5c689cb6ae436 X-Requested-With: XMLHttpRequest User-Agent: Mozilla/5.0 (Windows NT 6.1; WOW64) AppleWebKit/537.11 (KHTML, like Gecko) Chrome/23.0.1271.97 Safari/537.11 Accept: */* Referer: http://www.scribd.com/u

    Uploaded by

    Deepzz Sanguine
    Facts about Satyam Scandal

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 19

    Set up 1987 to provide services in IT sector. Indias 4th biggest software company. Chairman and founder B. Ramalinga Raju.

    u. On 26th August, 1991 it was converted into a Public Limited Company and went for PUBLIC ISSUE in 1992. BSE IPO oversubscribed 17 times when made public. It is listed in BSE, NSE, NYSE and Euronext (Amsterdam). The company employs 53,000 IT professionals across development centers in 6 continents. It serves over 654 global companies, 185 of which are Fortune 500 corporations

    A total of 650+ Clients 185 of the top fortune 500 Companies

    B.Ramalinga Raju - promoter and chairman B.Rama Raju -Promoter & CEO Ram Mynampati -Whole time Executive Director Srinivas Vadlamani -Chief Financial Officer

    Satyam gets board approval for controlling

    stake in Maytas Infrastructure and Maytas properties as fully owned subsidiary for $1.6B (Rs. 8000 Cr.)

    Satyam backs out of Maytas deal citing investors protest Satyam shares plunge 55% in NYSE. BSE share plunges over 30%

    British mobile solution provider Upaid files a law suit against Satyam in a district Court in the US over Maytas deal. May face $1 Billion in penalties

    World Bank bans Satyam for 8 years due to inappropriate payments to staff and inability to provide information sought on invoices

    1st independent director Dr. Mangalam Srinivasan resigns from Satyam board.

    Promoters disclose that their entire holding in Satyam pledged with institutional lenders since 2006

    IL&FS sells 44.1 lakh shares pledged shares of Satyam promoters in 1 day. Promoters equity reduced from 8.6% to aprrox 7%
    Rumors in market about strategic takeover by IBM, Accenture

    IL&FS sells further 44.27 Lakh pledged shares taking the tally to 1.5 crore pledged shares Satyam board confirms promoters stake to be around 5%. Further 3.2% still pledged.

    Promoters stake in the company down to 4.5%


    Total pledged shares sold by IL&FS reaches 2.5 Cr. in last 13 days. Promoters stake down to 3.6%. Still a further 1.7% are pledged Merill Lynch discovers serious irregularities in books of accounts and approaches regulator SEBI for further course of action and its inability to investigate further. DSP submits report to SEBI and Satyam management late night

    Govt. instructs RoC to review report Satyam BSE scrip falls 78% NSE removes Satyam from its benchmark index Nifty. Auditing firm PWC under scanner

    5,040 + 376 + 470 (Rs. Cr)

    Rs. 1,230 Cr

    Rs. 7,136 Cr

    Stock Market

    Share - Holders

    Indian Economy

    Employees

    Stake - Holders

    You might also like