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United States
Securities and Exchange Commission
Washington, DC 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934
Commission File Number 000-27663
SATYAM INFOWAY LIMITED
(Exact name of registrant as specified in its charter)
Not Applicable
(Translation of registrant's name into English)
Republic of India
(Jurisdiction of incorporation or organization)
Maanasarovar Towers
271-A, Anna Salai, Teynampet, Chennai 600 018, India
(91) 44-435-3221
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F. Form 20F X Form 40 F _______
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ______ No X
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If "Yes" is marked, indicate below the file number assigned to registrant in
connection with Rule 12g3-2(b). Not applicable.
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OTHER EVENTS.
On July 25, 2000, Satyam Infoway Limited ("Satyam Infoway" or the
"Company") issued a press release announcing that it had entered into an
agreement (the "Merger Agreement") to acquire IndiaPlaza.com, Inc.
("IndiaPlaza"). In connection with the merger, Satyam Infoway will issue an
aggregate of 480,000 American Depository Shares to the shareholders of
IndiaPlaza. Shareholders of IndiaPlaza owning shares representing in excess of
a majority of IndiaPlaza's outstanding common and preferred stock have
executed Shareholder Support Agreements pursuant to which such shareholders
have agreed to approve the Merger Agreement. A copy of the press release is
attached hereto as Exhibit 99.1 and incorporated by reference herein.
This report contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The forward-looking statements
contained herein are subject to risks and uncertainties, including the need for
Satyam Infoway to issue the ADSs necessary to finance the acquisition of
IndiaPlaza and complete the acquisition, that could cause actual results to
differ materially from those reflected in the forward-looking statements. For a
discussion of the risks associated with Satyam Infoway's business, please see
the discussion under the caption "Risks Related to Our Business" in Satyam
Infoway's Annual Report on Form 20-F for the fiscal year ended March 31, 2000
which has been filed with the Securities and Exchange Commission.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunder duly organized.
Date: July 27, 2000 SATYAM INFOWAY LIMITED
By: /s/ K. Thiagarajan
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Name: K. Thiagarajan
Title: General Manager, Finance
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EXHIBIT INDEX
Exhibit Number Description
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99.1 Press Release dated July 25, 2000.
