Satyam launches $130m ADR via Merrill to receptive market

10 May 2001

Satyam Computer Services, India's fourth biggest software exporter, will today (Friday) launch its roughly $130m American depository receipt (ADR) issue through lead manager Merrill Lynch.

The company will sell 12.5m ADRs representing 25m ordinary shares and will list on the New York Stock Exchange.

The deal ...

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