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Andhra Pradesh
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Hyderabad
A.S. Murty sold shares on Dec. 16
A. Saye Sekhar
HYDERABAD: The 51-year-old Achuthuni Sreenivasa Murty, who has been appointed the new CEO of Satyam Computers, has been a person trusted by former chairman of the company B. Ramalinga Raju. In fact, Mr. Raju recommended his name along with a few other Business Leaders to steer the company in the troubled time, soon after resigning from the company.
According to the information given by the company to the National Stock Exchange in accordance with the insider trading rules pursuant to the Securities and Exchange Board of India (Insider Trading) (Amendment) Regulations, 2002 and the Company’s Insider Trading Policy, Mr. Murty sold 19,000 equity shares on December 16.
The company announced its move to acquire Maytas Infra and Maytas Properties on the same day.
He also sold 14,000 shares on the previous day (December 15) and 7,000 shares on December 12.
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