The telecom outsourcing company of the Mahindra group will pay around $580 million to acquire 51% of Satyam Computer, ending the saga of India's biggest corporate fraud.
The Satyam saga continues with the company's chairman and managing director resigning over accounting fraud. Satyam's shares lose almost 80% and drag down the overall market.
The FinanceAsia Composite Internet Index (Facix) closed 109.20 points on Thursday, February 1, down 4.21 points (-3.71%) from the previous trading day.