Satyam Computer December 29th board meeting postponed
Hyderabad, December 27: In a dramatic development, Satyam Computer Services Ltd’s board meeting has been postponed. The company even though not notified officially to stock exchanges, the news was spread across the media on Saturday evening.
Company sources indicated that independent director preferred to attend meeting personally, which led to the postponement.
Satyam’s board is scheduled meet on Monday to seek approval for a buyback of its shares. The buyback proposal came after the company has aborted its plans to acquire Maytas Infra and Maytas properties, which are belongs Satyam’s Chairman Raju’s two sons.
The fresh date was not yet announced, but the sources close to the developments indicated that it would be around January second week.
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