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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (1148)	3/13/2000 4:00:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

Satyam mulls split in shares HT Correspondent (Mumbai, March 13) Satyam Computers today joined the list of the software majors that will split its shares following the sharp hike in the share price. The board of the Satyam Computers is set to meet on 21st March to approve the stock split and besides also considering the ratio in which the split will happen. The Hyderabad based company thus joins Infosys, Wipro, Zee and Hindustan Lever to be considering a split in the face value of its shares. Currently the company has a face value of Rs 10 and marketmen expect a split either to a face value of Rs 5 or Rs 2. Despite the announcement of the company of the split the share remained depressed and was down by more than Rs 300 at Rs 5,800. It may be recalled that the share had appreciated substantially in the recent past to touch a high of Rs 7,229.95 on March 7 following roumours that the company was considering a stocks split. Only recently the other two software majors Infosys and Wipro had both split the face value of thier shares. Wipro currently has a face value of Rs 2 and Infosys has changed the same to a face value of Rs 5. The other companies that have changed their face value recently are Hindustan Lever to Re 1 and Zee Telefilms also to Re 1. Satyam Computers is amongst the top software companies in the country with its subsidiary Satyam Infoway listed on the NASDAQ. The subsidiary is amongst the largest ISP provider after VSNL. . The logic behind splitting the shares is to allow retail participation in the scrip. It may be recalled that only recently Satyam Computers has found its way into the sensex following a revamp of the sensex by BSE officials. hindustantimes.com