SATYAM STOCK RISE & FALL....

CHRONOLOGY/Satyam Computer: History Of Events, Share Price Movement

NDTV | Reported By: NDTV Correspondent | Updated On: November 23, 2011 12:12 (IST

MUMBAI, SEPTEMBER 29: Satyam Computer will detail its financial for previous two years post-market hours Wednesday. Speculation is Satyam, enmeshed in India's largest corporate fraud 21 months ago, will not detail its quarterly performance for 2008-09 and 2009-10.


DATE SHARE PRICE EVENT 

Sep 2009 CFO Srinivas Vadlamani sells entire holding of 
92,500 shares of Satyam.

Dec 16, 2008 Rs 226.50 Announces acquisition of 51% stake in Maytas Infra 
for $300 million and 100% stake in Maytas 
Properties for $1.3 billion. 

Dec 17, 2008 Rs 158.05 Investors stymie acquisition plans. Satyam calls it 
off. 

Dec 18, 2008 Rs 169.35 Satyam board meet on Dec 29 to consider 
buyback of shares.

Dec 23, 2008 Rs 140.40 World Bank bars Satyam from doing business with it 
for 8 years, alleges fraudulent practices 
employed by Satyam for getting contracts.

Dec 25, 2008* Satyam asks World Bank to apologise and provide it 
with full explanation. 

Dec 26, 2008 Rs 135.50 First casualty for Satyam board. Independent 
director Mangalam Srinivasan resigns.

Dec 27, 2008* Satyam postpones board meet to Jan 10, 2009. 
Appoints DSP Merrill Lynch as outside advisor to 
strengthen the firm's governance structure. 

Dec 29, 2008 Rs 148.25 Satyam informs BSE that promoters stake may have 
been diluted in the company as all their shares are 
pledged with institutional investors. 

Dec 29, 2008 Rs 148.25 Three more independent directors Vinod Dham, 
Krishna Palepu and Rammohan Rao resign. Raju says 
Jan 10 board meeting will also consider 
reconstitution of the board.

Dec 30, 2008 Rs 160.60 Aberdeen Asset Management, the largest 
institutional investor in Satyam, warns the company 
to rebuild its credibility; threatens to exit. 
Rumours of suitors willing to pick Satyam stake 
start doing the rounds.

Jan 6, 2009 Rs 179.10 Satyam's investment banker DSP Merrill Lynch meets 
SEBI; says there are accounting irregularities.

Jan 7, 2009 Rs 39.95 Ramalinga Raju resigns; discloses over Rs 70 
billion accounting fraud of non-existent cash in 
the company's books. DSP Merrill Lynch terminates 
contract.

Jan 8, 2009* Satyam's bankers Citibank freeze its accounts. 
Interim CEO Ram Mynampati says there is severe cash 
crunch, may be difficult to pay salaries. Satyam's 
auditor PwC draws flak.

Jan 9, 2009 Rs 23.85 Govt supersedes Satyam board, says will appoint 
10 directors. Ramalinga Raju, younger brother 
B Rama Raju arrested by police.

Jan 9, 2009 Rs 23.85 Satyam removed from Sensex, Nifty; NSE excludes F&O 
contracts on expiry of Jan contract.

Jan 10, 2009* Satyam former CFO Srinivas Vadlamani arrested.

Jan 11, 2009* Govt appoints Deepak Parekh, Kiran Karnik and C. 
Achuthan to Satyam board. 

Jan 12, 2009 Rs 34.40 First meet of the new board. Says top priority to 
restore customer, employee, suppliers, investors 
confidence. To appoint independent auditors to 
restate accounts.

Jan 13, 2009 Rs 31.25 PwC says audit based on Satyam management's 
documents. Audit irrelevant after Raju's 
disclosures.

Jan 14, 2009 Rs 29.95 Satyam board appoints Deloitte and KPMG as 
auditors.

Jan 17, 2009 Rs 25.45 Three more members appointed to Satyam board.

Jan 27, 2009 Rs 47.15 Satyam announces Boston Consulting Group as 
management advisors; Goldman Sachs and Avendus as 
investment bankers.

Jan 29, 2009 Rs 49.85 Satyam says L&T has acquired 12.04% stake in 
company. 

Feb 5, 2009 Rs 46.25 Satyam appoints old hand A.S. Murthy CEO; Homi 
Khusrokhan, Partho Datta as special advisors.

Fan 19, 2009 Rs 46.25 Company Law Board passes order to increase 
authorised share capital to Rs 2.8 billion from 
Rs 1.6 billion; induct strategic investors via 
open, transparent and competitive process. Asks 
company to appoint a former judge of Supreme Court 
to oversee the bidding process.

Mar 6, 2009 Rs 42.10 Gets SEBI nod for bidding process to select investor 
for acquiring 51% stake in company. Qualified 
investors to have net assets in excess of $150 
million.

Mar 9, 2009 Rs 48.75 Satyam announces start of bidding process; investors 
need to provide proof of funds worth Rs 15 billion.

Mar 11, 2009* Former chief justice of Supreme Court S.P. Bharucha 
to oversee bidding process. L&T, Cognizant, Wilbur 
Ross and Tech Mahindra in the race to acquire 
Satyam.

Mar 24, 2009 Rs 41.80 Satyam intimates SEBI about bidding process.

Apr 2, 2009 Rs 39.90 Satyam modifies bidding process; goes for open 
auction.

Apr 13, 2009 Rs 48.85 Tech Mahindra wins bid to acquire 51% stake in 
Satyam for Rs 58/share.

Apr 21, 2009 Rs 48.95 Euronext Amsterdam OKs Satyam plea to delist ADSs 
from Euronext Amsterdam.

Apr 22, 2009 Rs 46.90 Tech Mahindra makes open offer to Satyam 
shareholders at Rs 58/share, offer to close Jun 9.

Jun 22, 2009 Rs 77.05 Mahindra unveils new brand identity for Satyam, 
Mahindra Satyam.

Jul 9, 2009 Rs 73.00 Satyam gets 5-year contract from Glaxo.

Jul 20, 2009 Rs 97.15 Govt withdraws 4 directors from Satyam board. 

Sep 24, 2009 Rs 116.70 GE extends multi-million dollar contract for 3 yrs. 

Oct 21, 2009 Rs 114.20 Gets AED 30 mln contracts from West Asia, North 
America.

Dec 9, 2009 Rs 102.65 Settles Upaid case for $70 million.

May 20, 2010 Rs 84.05 Satyam BPO gets 5-yr contract from GlaxoSmithKline.

Sep 24, 2010 Rs 100.10 Satyam ADRs to delist from NYSE, trade on OTC 
Market.

Sep 29, 2010 Rs 98.80 Satyam to detail 2008-09, 2009-10 earnings.

All share prices on the day of closing on Bombay Stock Exchange.
*Day when Indian stock market was closed. 
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