The American Depository Shares of Satyam on Monday, Jan 12 dropped below the $1-mark in opening trade from its previous close of little over $9 on Jan 8. However, despite the nosedive, Satyam will continue to trade on the NYSE. The NYSE says it will delist Satyam shares only if its average share price goes below $1.
Over 30 trading sessions of the Satyam stock had been halted on the NYSE for three days. However, when it opened on Monday, Jan 12 it suffered massive losses.&13;
OneIndia News (With inputs from Agencies)