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Satyam Stock – NYSE Halts Trading , NSE To Remove Satyam Nifty

Satyam Computers Chairman Ramalinga Raju on Wednesday resigned admitted to cooking the books of the company.

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  • On January 7, the New York Stock Exchange(NYSE) halted trading of Satyam Computer Services Ltd prior to the opening of the market — according to NYSE statement.
  • India’s National Stock Exchange (NSE) said it will remove Satyam Computer Services Ltd from its S&P CNX Nifty 50-share index and the IT firm will be replaced by Reliance Capital with effect from January 12.
  • Satyam would also be removed from various other indices like CNX 100, S&P CNX 500,CNX IT and the CNX Services sector index.
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