Satyam’s independent director resigns
December 26th, 2008 - 4:54 pm ICT by IANSBangalore, Dec 26 (IANS) Mangalam Srinivasan, independent director of Satyam Computer Services, has resigned from the board, the company said Friday.In a notification to the Bombay Stock Exchange (BSE), the Hyderabad-based software major said the non-executive director had tendered her resignation Wednesday.
The director’s resignation comes in the wake of the management’s aborted bid to acquire Maytas Properties and Maytas Infrastructure for $1.6 billion (Rs.79.2 billion) Dec 16 in a bid to bail out the two realty firms run by the two sons of Sataym’s founder and chief executive B. Ramalinga Raju.
- Two more directors resign from Satyam board - Dec 29, 2008
- Satyam director went by 'conscience' to quit board - Dec 26, 2008
- Independent director Prasad to continue on Satyam board (Lead) - Dec 30, 2008
- One more independent director quits Satyam board (Lead) - Dec 29, 2008
- Satyam postpones board meeting to Jan 10 - Dec 28, 2008
- Three more directors resign from Satyam board (Roundup) - Dec 29, 2008
- Independent director Prasad to continue on Satyam board - Dec 30, 2008
- Maytas chief executive resigns from board (Lead) - Jan 19, 2009
- Maytas director C.S. Bansal quits - Jan 30, 2009
- Government to remove two Maytas firms' directors (Lead) - Feb 18, 2009
- Serious Fraud Investigation Office to probe Satyam-Maytas nexus - Jan 19, 2009
- Maytas denies receiving funds from Satyam - Jan 20, 2009
- Maytas Infra chairman Sinha resigns too - Jan 08, 2009
- Timeline of events surrounding Satyam Computer - Apr 13, 2009
- Satyam promoters' equity stake falls to 5.13 percent (Lead) - Jan 03, 2009
Tags: bangalore, based software, bombay stock exchange, executive director, independent director, infrastructure, maytas properties, realty firms, resignation, satyam computer services
