Satyam investors to profit from share ADR exchange

05 May 2005


Satyam Computer is selling up to 15m American depositary receipts (including a 2m ADR greenshoe) in a reverse tender sale, as pioneered by Infosys Technologies in 2003.

Satyam shareholders tendered 50m ordinary shares for resale through Citigroup, JP Morgan and Merrill Lynch in ADR format. ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial