Mahindra Satyam on Tuesday stated that its board has sanctioned the allocation of 1, 02,566 equity shares under the firm’s stock option strategies.

1.21crore shares have been traded on BSE in the counter as opposed to a standard everyday volume of 1.76crore shares in the last single quarter.

Larsen & Toubro has requested SEBI to divest its 6.9% stake in Mahindra Satyam, worth nearly Rs.900crore.

A US SEC team is in the country to investigate the multi-crore rupee bookkeeping scam at NYSE-enrolled Satyam Computer and its being assisted by local agencies.

Mahindra Satyam has assigned 19, 86, 58,498 shares to Venturbay Consultants Private Limited.

30.15lakh shares have been traded on BSE in the counter as opposed to a standard everyday volume of 1.49crore shares in the last single quarter.

Mahindra Satyam board will have a discussion on 10th July to clear the offer of Tech Mahindra looking for a second round of favored share allocation to increase its share in the recently obtained company to nearly 43% after an open bid induced a feeble reaction.

38.79lakh shares have been traded on BSE in the counter as opposed to a standard everyday volume of 1.49crore shares in the last single quarter.

Mahindra Satyam has received the CLB authorization to assign more than 19.86crore equity shares to Venturebay, a subordinate of Tech Mahindra.

Satyam’s shareowners have turned down the open bid offered by Tech Mahindra as only 4, 20,915 shares in the firm were tendered in the bid.