The New York Stock Exchange (NYSE) has said it is reviewing the suitability of continuing the listing of Satyam's American depository shares (ADS). Trading in the Indian company’s ADS on EuronexAmsterdam is also subject to the assessment, the exchange said on Friday. NYSE had halted trading of the ADS of the IT company after Satyam founder B Ramalinga Raju confessed to committing a fraud.
“NYSE is reviewing the company’s suitability for continued listing in light of all relevant circumstances and news, including recent filings on Form 6-Ks made with the US Securities and Exchange Commission,” it said in a statement. It, however, said that trading on NYSE may resume on Monday. “The NYSE notes that it may, at any time, suspend a security if it believes continued dealings in the security are not advisable,” the statement added.
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