India's premier bourses, the BSE and the NSE, said that there was no move to suspend trading of Satyam's shares as of now.
India's premier bourses, the Bombay Stock Exchange and the National Stock Exchange, said on Thursday that there was no move to suspend trading of Satyam's shares as of now even though the company has been removed from the Sensex and Nifty from January 12.
"The issue (of suspending the trading shares of Satyam) has not been discussed so far. There is no such plans as of now," the BSE spokesperson said.
NSE also said it did plan to suspend trading in Satyam shares.
However, BSE also decided to remove Satyam Computer from its Sensex, BSE-100 index, BSE-200 index and BSE-500 index from January 12.
Satyam would be replaced by Sun Pharma in Sensex. GlaxoSmithkline Pharmaceuticals will replace Satyam in the BSE-100 index, BSE said.
NSE had removed Satyam from its benchmark index Nifty on Wednesday following the revelations of the company's founder- chairman B Ramalinga Raju that the firm's balance sheet was manipulated with inflated numbers.
Following this, Satyam would also be removed from various other indices like CNX 100, S&P CNX 500, CNX IT and the CNX Services sector index, NSE said.
However, a special team of Securities and Exchange Board of India (Sebi), headed by its Southern Region general manager A Sunil Kumar began its investigation in to the Satyam fraud at the IT major's headquarters in Hyderabad.
The investigation will ascertain whether any provision or regulation have been violated and will go into the affairs relating to buying, selling or dealing in the shares of Satyam, Sebi said.
The investigating authority has been armed with powers under various Sections of Sebi Act to carry out the probe.
The Sebi team is also believed to have visited the Hyderabad office of Price WaterhouseCoopers (PWC), the auditor of India's fourth largest outsourcing firm, sources said.
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