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The Bombay Stock Exchange said on Thursday it would replace Satyam [Get Quote] Computer with Sun Pharmaceutical in its benchmark index Sensex with effect from January 12.

Satyam would also be removed from various other indices like BSE-100, BSE 200, BSE-500 and BSE Teck and BSE IT index, the exchange said in a statement.

"Trading members of the exchange are hereby informed that the replacements would be made with effect from January 12, 2009," the statement added.

Further, GlaxoSmithkline Pharmaceuticals [Get Quote] would replace Satyam in the BSE 100 index, while the IT firm would be replaced by Castrol India [Get Quote] in the BSE 200 index.

Meanwhile, Cadila Healthcare [Get Quote] replaces Satyam Computer in the BSE-500 index.

The statement by the exchange comes a day after the NSE said it would strike off Satyam from its benchmark index Nifty with effect from January 12.

The National Stock Exchange removed the company from various other indices like the CNX 100, S&P CNX 500, CNX IT and the CNX Services sector index.

• The Satyam fiasco: Complete coverage