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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY)

SIFY 12.07

-5.3%

Dec 30 3:59 PM EST

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To: Mohan Marette who wrote (243)	11/29/1999 9:00:00 AM
From: Mohan Marette	Read Replies (2) of 1471

Satyam Infoway buys India Internet portal Monday November 29, 8:12 am Eastern Time BOMBAY, Nov 29 (Reuters) - Indian Internet firm Satyam Infoway Ltd said on Monday it has bought a 24.5 percent stake in IndiaWorld Communications Pvt Ltd for $28 million. ``In addition, Satyam Infoway has acquired an option to purchase the remaining 75.5 pct of the outstanding shares of IndiaWorld at any time prior to 30th June 2000 for an exercise price of $87 million,' Satyam said in a statement. IndiaWorld runs websites like samachar.com , khel.com and khoj.com. IndiaWorld website registered an aggregate of 13 million page views in October 1999, most of them coming from outside India, the statement said. biz.yahoo.com

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