Satyam becomes third Indian IT company to list on NYSE

Lead manager Merrill Lynch increased the deal by its maximum 20% limit after books closed yesterday (Tuesday) seven times oversubscribed. Consequently, instead of selling 12.5 million units, the software services company sold 14.5 million, raising $140.8 million, or $162 million should a 2.175 million unit greenshoe be exercised.