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Hyderabad Stock Exchange delays listing of Satyam bonus shares (423).

Business Line

| October 21, 1999 | COPYRIGHT 1999 Kasturi & Sons Ltd. (Hide copyright information)Copyright

Rajesh Chandramouli

Raja Sukumar Cholleti

CHENNAI/HYDERABAD, Oct. 20

THE bonus shares of Satyam Computer Services Ltd are yet to get listed on the stock exchanges. The Hyderabad Stock Exchange (HSE), the parent exchange for Satyam, has sought 'more documents' under the listing regulations.

HSE officials told Business Line that certain documents were not annexed with the additional listing application, and hence there was a delay. Apparently, regional exchanges such as the Madras Stock Exchange (MSE) and Delhi Stock Exchange (DSE) have asked HSE whether the bonus shares were listed.

Officials maintained that there was no deadline …

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