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Our Bureau

Mumbai, Jan. 5 Shares of Satyam Computer Services fell 6 per cent on Monday to Rs 166.90 as compared with the previous close of Rs 177.55 on the BSE.

On Friday, IL&FS Trust Company sold 44.27 lakh shares of the company at an average price of Rs 176 a share, according to the bulk deal put up by NSE on Friday.

On December 29, IL&FS Trust Company had sold 44.1 lakh Satyam shares at Rs 139.83 a share. The shares were pledged by Satyam promoters to IL&FS through their holding company SRSR Holding Pvt Ltd.

Satyam promoters’ stake has fallen to 5.13 per cent from 8.65 per cent as on September 20.

Satyam board is meeting on January 10 in the wake of the recent outrage of investors over the promoters move to buy two family-owned companies using Satyam’s cash reserves.

More Stories on : Stocks | Software | Satyam Computer Services Ltd

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