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Satyam chairman Ramalinga Raju, MD Rama Raju quit
National,Business,Sci-Tech,
Wed, 07 Jan 2009
IANS
Bangalore, Jan 7 (IANS) Satyam Computer Services Ltd founder chairman B Ramalinga Raju and managing director B Rama Raju resigned from the board Wednesday, the company announced.
In a notification to the stock exchanges, the Hyderabad-based IT firm said Ramalinga Raju and Rama Raju have tendered the resignations earlier in the day and the regulator (SEBI) has been informed.
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'Rama Raju shall continue in the position till such time the board is expanded and the continuance is to ensure enhancement of the board,' the company said in the notification.
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