Indian outsourcer Satyam has seen its shares plummet by about 40 per cent since a botched attempt two weeks ago to buy two infrastructure firms in which management held stakes and after news that it has been barred from doing business with the World Bank.
However, shares in Satyam Computer Services rose on Monday after it said it would consider more options to improve shareholder value and business practices, including strengthening corporate governance.
Here’s tracing the rise and fall of India’s fourth largest IT services provider.
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