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Raju family's stake in Satyam halves

The stake of B Ramalinga Raju’s family in Satyam Computer Services may have come down to just around 4 per cent from 8.61 per cent of the equity of Rs 134.10 crore as at the end of March 2008. That’s because several lenders with whom the promoters had pledged their shares have sold them in the market to meet margin requirements after the steep fall in the stock price. The promoter family held its stake through SRSR Holdings. For instance, ILFS Trustee Company, the custodial services subsidiary of IL&FS, is believed to have sold around 10 million shares it held on behalf of a ...