In his confession, Satyam Computer Services Ltd founder and chairman B. Ramalinga Raju, said in the past two years, Rs1,230 crore was arranged by pledging promoters’ shares and raising funds from known sources and “significant dividend payments, acquisitions, capital expenditure” did not help matters.
Also See Important milestones of the Satyam Computer Services in past two years (PDF)
Here is the list of some of the important milestones of the country’s fourth largest software exporter in past two years. There has been a stream of announcements regarding allotment of equity shares by the board and its compensation committee under stock option plans.
With every such allotment, the company’s paid-up share capital goes up. The company’s capital base went up by 1.67 crore shares. The company has also won awards for innovation, leadership and corporate governance.