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Satyam lists ADS on Euronext

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CIOL Bureau
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AMSTERDAM, THE NETHERLANDS: Satyam Computer Services Ltd. has announced that it has listed its American Depositary Shares (ADSs) on Euronext Amsterdam, which is part of NYSE Euronext.

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The listing makes Satyam the first Indian company to be listed on each of the NYSE, Euronext Amsterdam and India's National Stock Exchange (NSE).

"Listing with Euronext Amsterdam will provide numerous benefits to the exchange's customers, and to Satyam's investors," said Satyam chairman Ramalinga Raju.

"In addition to making investing in Satyam easier, it enables extended trading. That is, investors can purchase ADSs on Euronext Amsterdam and sell them on the NYSE the same day."

Satyam also becomes first company to use the Authority for the Financial Markets’ (AFM) ‘Fast Path’ application, an expedited method-to cross-list on Euronext Amsterdam.

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