Wednesday, January 7, 2009

Update: Who owns Satyam Today?

CNBC TV18 reported at the end of trading yesterday that Aberdeen Asset Management, the largest shareholders of Satyam till yesterday, sold all of their 5.3% holdings in the company at close to Rs. 40 levels. Similarly the volume of trade in Satyam shares was nearly 50% of the total shares outstanding.
This should raise a significant question in the investor's mind as to who owns Satyam as of this morning?
I would like to reverse my recommendation to readers to go long on Maytas. Not just yet.
Today I'm going back to my analysis of the Natural Gas industry.

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