India Mahindra Satyam hit by new charges; outlook uncertain

Newswire

* Investigators say Satyam fraud may be bigger than revealed * Analysts say Mahindra Satyam a risky bet until restatement * Shares plunge as much as 18 pct in two days By Sumeet Chatterjee BANGALORE, Nov 26 (Reuters) - Mahindra-Satyam shares fell to a 4-month low on Thursday, before recovering, on concerns over its outlook after Indian investigators filed new charges over accounting fraud that hit Satyam earlier this year. "Investors are playing a blind game until the audited ...

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