Satyam software share price

Mr Raju too was revered in the industry for his business acumen and was awarded the Ernest and Young Entrepreneur of the Year Award in Late in , the board of Satyam decided to takeover Maytas a real estate company owned by Mr Raju. This did not sit well with the shareholders which led to the decision being reversed in 12 hours, impacting the stock price. This was one of the most severe penalties imposed by the World Bank against an Indian outsourcing company.

But were these allegations true? Just 2 days later Satyam replied demanded the World Bank to explain itself and also apologize as its actions had damaged Satyams investor confidence.

As the investors were still coping up with the failed acquisition of Maytas and the allegations by the World Bank on January 7th, the markets received the resignation by Mr Raju and along with it a confession that he had manipulated accounts of Rs. Investors and clients all around the World were left shocked. In order to understand the scam, we would have to go back to Mr Raju had begun inflating the quarterly profits in order to meet the analyst expectations.

Mr Raju used his personal computer to create a number of bank statements in order to inflate the balance sheet with cash that simply did not exist. This, in turn, would allow the company easy access to loans and the impression of its success led to an increase in the share price. Also, the cash that the company had raised from the markets in the US never even made it to the balance sheets. But this was not sufficient for Raju, he went on to create records for fake employees and would withdraw salaries on their behalf.

The increased share price drove Raju to get rid of as many shares as possible and maintain just enough to be a part of the company. This allowed Raju to make profits from their sales at high prices. But where did all this money go? Although Raju had set up a great IT company, he was also interested in the real estate business. The real estate business in the early s was booming in Hyderabad.

It was also rumoured that Raju knew the plan route for a metro that was to be built in Hyderabad. The foundation of the metro plans was laid in the year Raju soon diverted all the money into real estate with hopes to make a good profit once the metro was functional. He also set up a real estate company called Maytas. But unfortunately, just like every other sector the real estate sector too was hit badly during the recession of By then almost a decade of manipulation of the financial statements had led to the hugely overstated assets and underreported liabilities.

The gap was simply too big to fill! By now whistleblowing attempts were also starting to arise. Company director Krishna Palepu received anonymous emails from the alias Joseph Abraham. The mail exposed the fraud. Palepu forwarded it to another director and to S. Gopalkrishnan a partner at PwC — their auditor. Gopalkrishnan assured Palepu that there were no truths in the mail and a presentation would be held before the audit committee in order to assure him on 29th December.

The date was later revised to 10th January Despite this Raju had a last resort. The plan included a takeover of Maytas by Satyam which would bridge the gap that had accumulated over the years. The new financials would justify that the cash had been used to purchase Maytas.

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MCap MCap MCap or Market capitalization of a stock is calculated by multiplying the total number of shares outstanding of that particular stock with its current market price. Div Yield Dividend Yield Dividend Yield calculates the amount of full year dividend declared by a company as a percentage of the current market price of a stock.

Face Value Face Value Face value of a stock is the value ascribed to the stock as per the balance sheet of the company. Dividend Yield Dividend Yield Dividend Yield calculates the amount of full year dividend declared by a company as a percentage of the current market price of a stock. Returns 1 Day N. View Stock Screeners. Viz Stayam Renaissance Consulting Ltd. Ltd and Satyam Infoway Pvt. And new software development centers were opened in Hyderabad, Pune, Chennai and Bhubaneswar during the year.

New business partners have been added in Australia, Canada, Japan and Europe. The company proposes to set up seven such development centres outside India, four of them in the US. NSDL for providing its shareholders with the facility of trading in the dematerialised form of shares. Satyam has also agreed to become the primary integration partner for deploying the Insur-Enroll solution. Satyam bagged a major project from Healthaxis in the last quarter. Satyam Live captures the soft infrastructure, the products etc.