Wednesday, January 7, 2009

BNP Paribas exits Satyam

The Indian mutual fund venture of BNP Paribas has divested its entire holding in Satyam Computer Services, reports Economic Times.

Satish Ramanathan, head of equities, Sundaram BNP Paribas Asset Management disclosed that though the fund house held tenfold in December to more than 5 million shares, they divested their entire stake last week before the saga enfolded.

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