The stake of Rajus, who once had a controlling stake in Mahindra Satyam, has comes to a naught in the company. Sources said his family's stake in the company could be zero or 0.08 per cent.

“We don't know if they still hold something through open market acquisition. But that should be negligible, if at all they own any stake,” they said.

Mr B. Ramalinga Raju in October 2008 had said that the family owned seven per cent stake, but he did not disclose that he pledged most of them with financiers. These pledged shares were sold by the holders (financiers) under market pressures.

According to one count, his family stake had fallen to two per cent when Mr Raju admitted to his secret manoeuvres that had led to the collapse of the company.

From June 2006 to September 2008 (public available figures for the pre-scam period), promoters used to hold 7-10 per cent, while public held about 17-18 per cent, with rest being owned by FIIs.

Ever since Mahindras bought the troubled company, the stake of (new) promoters went up significantly raising upto 42.65 per cent as on March 31, and FII's coming down to 8.92 per cent. Public shareholding now stands at about 30 per cent.

After Mahindras had won the bid to buy Satyam, the authorised share capital was raised to Rs 280 crore in February 2009 from Rs 160 crore. To meet the requirements, Venturbay (through which Mahindras bought Satyam) bought 30.27 crore shares of Rs 2 each at a premium of Rs 56, costing Rs 1,576 crore in May 2009. Two months later, it bought 19.86 crore more shares that took its holding in the firm to about 43 per cent.

These funds still lay in the form of cash balances of Rs 2,753 crore in the books.

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