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Raju’s stake dips to 5.13 %

MUMBAI: Satyam Computer Services on Friday said that Ramalinga Raju family’s holding in the company had dropped by over three per cent, following share sale by lenders, with whom all the promoter equity has been pledged.

In a filing to the Bombay Stock Exchange, the company said that SRSR Holdings stake in Satyam had come down to 5.13 per cent due to the sale of shares pledged by the promoters to lenders for raising funds.

Satyam Chairman Ramalinga Raju’s family had held 8.27 per cent through SRSR Holdings at the end of September quarter.

The lenders had sold over 2.11 crore shares of Satyam Computer, which were pledged by the promoters, in open market transactions. — PTI

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