No decision on lifting trading halt on Satyam: NYSE

The New York Stock Exchange (NYSE) today said it has not decided as yet on lifting a trading bar on Satyam Computer, whose Chairman Ramalinga Raju yesterday admitted to cooking the books of the company.

The trading remains halted as of now in securities of Satyam in New York and Amsterdam exchanges, an NYSE Euronext spokesperson said in an e-mailed statement.

When asked by when the trading would resume, he said: "I cannot speculate about when that halts will be lifted."

On whether NYSE was issuing a notice about possible delisting of the company as shares fell below $1 level in pre-market trade yesterday, the spokesperson said he cannot talk about "other possible actions" as of now.

On January 7, the NYSE halted trading in Satyam Computer Services after Satyam stock plunged by over 90 per cent to $0.85 in pre-market trade in the US.

"NYSE regulation is currently evaluating the news relating to Satyam and will closely monitor further developments. The security will remain halted until further notice," NYSE had said yesterday.

On the Indian bourses, shares of Satyam plunged by close to 78 per cent yesterday, wiping off about Rs 10,000 crore (more than $2 billion) from its market valuation.