i Develop Stocks Advisory

Satyam to Become First Indian Co to List on Three Major Stock Exchanges

Satyam Computer Services Ltd on January 22, 2008 has announced that its intention to list its American Depository Shares (ADS) on Euronext in Amsterdam.

With the Euronext listing, Satyam will become the first Indian Company to list on three major exchanges around the world, making it a truly globally-tradeable entity. The announcement was made by Satyam chairman Mr. Ramalinga Raju at the first-ever opening bell-ringing ceremony the National Stock Exchange (NSE) here. Other Satyam board members and leaders were present at the ceremony.

"It is indeed an honor to be the very first Company to ring the opening bell at the NSE and to inaugurate this prestigious way of being recognized as a leading Company. The fact that this event also commemorates our imminent listing on Euronext makes it even more prestigious for us. A Euronext listing is a significant and exciting move for the Company, reinforcing our position as a global organization," Mr. Raju said. "Europe is a dynamic and growing market for Satyam and our listing will demonstrate our continued and growing commitment to the region," he added.