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Northern Trust Investments National Association today offloaded 73.34 lakh shares of Satyam Computer Services for over Rs 84 crore.
The deal comes ahead of the last trading session of Satyam Computer on the stock exchanges. Shares of the company would stop trading on the bourses from July 4.
Satyam Computer, rechristened as Mahindra Satyam after takeover by Mahindra Group in 2009, has been merged with Tech Mahindra.
Even though it was renamed as Mahindra Satyam, the firm continued to be listed on bourses as Satyam Computer.
According to information available with the bourses, Northern Trust Investments National sold 73,34,536 shares of Satyam Computer Services through open market transaction.
The shares were offloaded on an average price of Rs 115.09 valuing the transaction to Rs 84.41 crore.
However, buyer of the shares could not be ascertained.
Yesterday, Vanguard International Explorer Fund had sold 75.13 lakh shares of Satyam Computer for Rs 86.14 crore through open market transactions. In an another bulk deal, however, the entity had acquired little over two lakh shares of Satyam Computer for Rs 2.32 crore.
Besides, Emerging Markets Sudan Free Equity Index Fund had offloaded 86.24 lakh shares of Satyam Computer for Rs 98.47 crore.
On June 25, Tech Mahindra had announced completion of Mahindra Satyam’s (erstwhile Satyam Computer Services) merger with itself to create nation’s fifth largest software services company with a turnover of $ 2.7 billion.
The merged entity will be called Tech Mahindra, aiming to almost double the turnover to $ 5 billion by 2015 with focus on telecom, manufacturing and BFSI, among others. Anand Mahindra will be the chairman of the combined entity.
Shares of Satyam Computer Services today remain unchanged at Rs 115.30 apiece from its previous close on the BSE.
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