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Aberdeen International India Opportunities Fund sold a total of over 36.1 million Satyam shares on the Bombay Stock Exchange and the National Stock Exchange for an aggregate of nearly Rs 1.54 billion in various bulk deals.
Swiss Finance Corporation exited from Satyam on Wednesday after selling over 13.7 million shares for an aggregate of Rs 1.09 billion in various bulk deals on bourses.
Another institutional investor Morgan Stanley Mauritius Company offloaded 4.7 million equity shares of Satyam at a price of Rs 68.68 per share totalling to Rs 327.6 million in a bulk deal on the National Stock Exchange.
Fidelity Management and Research Company sold 4 million shares at a price of Rs 108.96 at Rs 435.8 million in another bulk deal at NSE.
Institutional investors, including Aberdeen International, Fidelity and ICICI Prudential, held a 60 per cent stake in the IT company.
Satyam shares on Wednesday plunged nearly 78 per cent on the bourses following the shocking disclosure of accounts fudging by its founder Ramalinga Raju, who then quit as chairman - leaving an uncertain future for the company and its 53,000 employees.
(PTI)
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