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Maytas acquisition proposal
Satyam Computer Services proposes to acquire Maytas Properties and 51 per cent stake in Maytas Infra. -
Maytas plan dropped
The Chairman, Mr B. Ramalinga Raju, drops plan to acquire Maytas twins. Says the company misread the possible impact -
Board meet on share buyback
Satyam board to meet on December 29 to consider a share buyback in a bid to restore confidence. -
World Bank blow
The World Bank decided to keep Satyam off all businesses for eight years due to allegations of data theft in a project and providing improper benefits to the bank staff. -
Mangalam Srinivasan quits
Dr Mangalam Srinivasan, the longest serving independent director quits, owning moral responsibility for not casting a dissent vote against the Maytas deals. -
Board meet deferred
Satyam defers December 29 board meeting to ensure physical participation of all members on board. -
3 more directors quit
Mr Vinod K. Dham, Dr Krishna G. Palepu and Prof Mendu Rammohan Rao resign on corporate governance issue. -
Promoters stake reduced
Satyam says the promoters' stake reduced to 5.13 per cent from 8.65 percent at the end of September 2008. -
Ramalinga Raju resigns; admits to financial wrong-doings
Mr B Ramalinga Raju resigns as Chairman after admitting to major financial wrong-doings and saying his last-ditch efforts to fill the %u201Cfictitious assets with real ones'' through Maytas acquisition failed.