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Tuesday, Dec 28, 2004

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Aberdeen Asset holding in Satyam crosses 5 pc

Our Bureau

Hyderabad , Dec. 27

SATYAM Computer Services Ltd has informed the National Stock Exchange that the total equity holding of Aberdeen Asset Management Asia Ltd on behalf of funds advised and managed by them has crossed the 5-per cent mark with recent acquisition of shares.

Aberdeen Asset Management had acquired 3.05 lakh shares aggregating 0.095 per cent on December 17, and 3.20 lakh shares aggregating 0.1 per cent of the total share capital of Satyam Computer Services on December 20 respectively.

The mode of acquisition is through open market and the shareholding of Aberdeen Asset Management Asia Ltd on behalf of funds advised and managed by them after the said acquisition is 1.62 crore shares has since aggregated to 5.1 per cent of the total share capital of the company.

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