The stock finally ended with a gains of 8% at Rs 68. The counter witnessed almost a two fold rise in trades, of 47 million, as against the two-week daily traded average of 26 million.
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(Updated at 1129 hrs)
Satyam Computer has surged 8% after Sebi cleared Tech Mahindra's open offer for the company. The stock has gained for two straight days.
The stock opened 3% higher at Rs 65. The stock soon surged to a high of Rs 68, up 8%. The stock is currently trading at Rs 67, up 6%. Over 14 million shares have been traded at the counter so far. Yesterday also, the stock ended 10.5% higher at Rs 63 on the BSE while in US the ADR zoomed 21% to $2.75.
The Securities and Exchange Board of India (Sebi) has cleared the open offer by Tech Mahindra for Satyam Computer Services. This acquisition has helped inrestoring investor's faith in the company.
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