Satyam Computer tanked as much as 33 per cent and witnessed its 52-week-low level on bourses in early morning trade amid the company calling off its $1.6-billion deal to acquire two infrastructure businesses promoted by the IT major Chief Ramalinga Raju's son.
Satyam at Rs 200, a fall of nearly 12 per cent in the early trade on the Bombay Stock Exchange. The scrip lost further ground and tanked as much as 30.75 per cent to touch an intra-day low of Rs 156.85.
Similar trend was witnessed on the National Stock Exchange where the scrip opened on a weak note at Rs 214.90, then dipped further to witness an intra-day low of Rs 151, a fall of 33.35 per cent from its previous closing price.
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