Satyam Infoway Ltd-(Nasdaq:SIFY) Message Board

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

SIFY 10.88

-0.3%

Nov 26 3:59 PM EST

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To: Mohan Marette who wrote (814)	2/22/2000 9:51:00 AM
From: Mohan Marette	Read Replies (1) of 1471

Indian Hot Stk: Satyam Computers +6.2% On ADR pricing Tuesday, February 22 6:07 PM SGT BOMBAY (Dow Jones)--Shares of Satyam Computer Services Ltd. (P.SYC) are up 6.2% on the Bombay Stock Exchange Tuesday on all-round buying following its unit Satyam Infoway's (SIFY) successful pricing of its American Depository Receipts. Satyam Computers has a 59% stake in India's leading Internet service provider Satyam Infoway, which recently priced a second tranche of 1.6 million American Depository Receipts at $80 each. Satyam Infoway's existing ADRs closed at $88.25 on Nasdaq Friday, up $4.25, or 5.1%. The company isn't listed in India. Dealers said Satyam Infoway's huge market capitalization is boosting the share price of Satyam Computers on the BSE. At 0955 GMT (4:55 a.m. EST), shares of Satyam Computers on the BSE were up 305.80 rupees ($1=INR43.61) at INR5,275.

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