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NYSE may resume trading in Satyam on Jan 12

January 10, 2009 20:56 IST

While warning that it may suspend Satyam [Get Quote] shares if dealings were not advisable, New York Stock Exchange has said it may resume trading in the securities of Indian IT company on Monday if its assessment was found satisfactory.

The exchange also said that it was reviewing the company's suitability for staying listed on its platform.

In a statement issued in New York, NYSE said it had continued with the trading halt of the American Depositary Shares of Satyam Computer that had been in place since January 7.

"NYSE is reviewing the company's suitability for continued listing in light of all relevant circumstances and news including recent filings" made by the company with the US market regulator Securities and Exchange Commission, it added.

"The NYSE will continue to closely monitor all events in connection with its review of the appropriateness of the company's continued listing, given all relevant circumstances.

"Trading on NYSE may resume on Monday, January 12, 2009, as NYSE continues its assessment. The NYSE notes that it may, at any time, suspend a security if it believes continued dealings in the security are not advisable," the stock exchange said.

"Trading in the American Depositary Shares of the Company on EuronextAmsterdam is also subject to the assessment," it added.

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