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Satyam Computer, which is pondering an ADR issue for later this month, should be heartened by the success of its high-Flying subsidiary. Satyam Infoway's (Satyam) ADR has enjoyed a bull run since its launch on 19 October. From an opening price of $18, the ADRs soared to $98 on 11 February before closing at $101 on 24 February. The issue is encouraging more India-based Internet companies to consider a Nasdaq listing this year.
In February, Satyam - India's second largest national provider of Internet access and services, with a network spread across...