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Satyam Denies Investment Violations

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BUSINESS STANDARD
Last Updated : Feb 26 2013 | 1:02 AM IST

Satyam Computer Services has told the government that the company has not violated the Companies Act and its decision to invest in its subsidiaries was prudent as the company has made a profit of Rs170 crore by selling just 1.6 per cent stake in Satyam Infoway Ltd.

The company has said this in response to queries from the Department of Company Affairs (DCA) on whether the company

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