Satyam sees six block deals at average Rs 86.84
per share

About 9.87 million shares in Satyam Computer Services changed hands in six block deals on both the stock exchanges at a weighted average of Rs 86.84 on Friday, data on the exchange showed. The shares represent more than 1 percent of the company's outstanding share capital. The details of the buyers and sellers were not immediately available. Mahindra and Mahindra's IT arm Tech Mahindra, which last month acquired 31 per cent stake in the scam-ridden Satyam for Rs 1,756 crore, will begin accepting shares from the public shareholders from tomorrow under its over Rs 1,100 crore open offer for additional 20 per cent stake. L&T and WL Ross Funds, which were bidders for Satyam's 31 per cent stake, have also agreed not to deal in the company's shares for a period of six months starting April 22. Accordingly these entities might not tender their share in the open offer.

( Economic Times )