Shares of Satyam Computer Services, now Mahindra Satyam, jumped by over 9 per cent in early trade on the BSE today after the company reached a settlement with the US Securities Exchange Commission, which concludes the SEC’s investigation of accounting issues related to the firm. Following the settlement, the scrip of the IT services provider witnessed heavy buying interest and surged by 9.20 per cent to an early high of Rs 77.10 on the Bombay Stock Exchange (BSE).
A similar trend was seen at the company’s counter on the National Stock Exchange as well, where the stock shot up by 9.27 per cent to an early peak of Rs 77.15.
In a filing to the BSE, Satyam Computer said, “It has reached a settlement with the US Securities Exchange Commission, which concludes the SEC’s investigation of accounting issues to the company.
