Satyam Computer Services Plans To Delist ADRs From NYSE
24 Septembre 2010 - 3:44PM
Dow Jones News
Satyam Computer Services Ltd. (SAY) said Friday it plans to
delist from the New York Stock Exchange as the Indian software
company doesn't expect to file its fiscal 2009 annual report with
U.S. regulators before an extended deadline ends Oct. 15.
The company, which hasn't reported results since an accounting
scam hit it in January 2009, said it intends to file for delisting
with the Securities Exchange Commission around Oct. 4 and delist
its stock from NYSE around Oct. 14.
In a note to the Bombay Stock Exchange, Satyam said its American
Depositary Shares will be traded on the Over the Counter market.
Also, it will continue to be listed in India, it added.
-By Kenan Machado, Dow Jones Newswires; +91 22 6145 6107;
kenan.machado@dowjones.com
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