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B. Ramalinga Raju is making every effort to get out of bankruptcy by making Mahindra Satyam to cough up Rs 1,230 crore pumped into the firm through a host of shell companies floated by him.

 
 
The company, at its extraordinary general meeting held on Saturday, approved issuing five crore shares at a likely price of Rs 85 a share, a filing to the BSE said.
Mahindra Satyam chairman Vineet Nayyar said the merger remains high on the management's priority and the process can start only when the firm's accounts are up to date.
With the shadow of Citi's global woes looming large, the uncertainty was taking its toll at the top. Is the best over with the worst for Citi in India?
The shareholders of the drug major have given their approval for re-appointment of Habil Khorakiwala as the chairman of the company for another five years.
 
 
The chairman of Reliance ADAG announces whopping investments worth Rs 1.25 lakh crore for Reliance Power, Reliance Capital and Reliance Communications.
ONGC chief R. S. Sharma says the firm had 'consciously decided' not to put a bid against Vendanta Resources for the Cairn India- operated Rajasthan oilfields.
Elder Pharma in an earlier filing to BSE had said its QIP issue was to open with the floor price at Rs 414 per share, setting the price band between Rs 415 and Rs 419.
The UK-based company is seeking its shareholders' nod for the sale of an up to 51 per cent stake in Cairn India to Vedanta Resources.
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