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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY)
SIFY 14.40+7.8%12:27 PM EST
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To: Hans U. Tschanz who wrote (10)10/19/1999 1:22:00 PM
From: Mohan Marette  Read Replies (2) of 1471
 
Interest,allocation and post offering share holding info.

...About 250 institutional investors had participated in the bidding process with well over 100 institutions having been allotted shares.

One fourth of the total $2 billion is reported to have come through retail investors, which works out to approximately $500 million. Of the institutional demand, 75 per cent of the demand came through the Asia and US markets, sources said.......

...Post issue the equity structure of Satyam Infoway will have Satyam Computers holding 59 per cent of the equity, CDC 17 per cent, Sterling Computers 2 per cent and an ESOP of 4 per cent, with the balance coming through institutions and retail investors.....


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