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Satyam out of 'Dow Jones India Titans 30 Index'

January 09, 2009 16:34 IST

Dow Jones Indexes, a leading global index provider, has removed scandal-hit Satyam [Get Quote] Computer from its 'Dow Jones India Titans 30 Index' and replaced it by Axis Bank.

The replacement will come into effect from January 13. "Satyam Computer Services Ltd will be deleted from the 'Dow Jones India Titans 30 Index' and replaced by Axis Bank," a statement from Dow Jones Indexes said.

"Satyam Computer Services Ltd is being removed due to financial distress," the statement said.

The Hyderabad-based software firm has already been removed from various indices -- Nifty and the Sensex -- computed by National Stock Exchange and Bombay Stock Exchange after the revelation of over Rs 7,000-crore (Rs 70 billion) fraud by the company.  

Sensex: Satyam out, Sun Pharma in
NSE removes Satyam from Nifty
The Satyam fiasco: Complete Coverage

 




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