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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934/1/
Satyam Infoway Limited
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(Name of Issuer)
Equity Shares, par value Rs. 10 per share
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(Title of Class of Securities)
None/2/
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(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
1 The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
2 This Schedule 13G relates to ownership of equity shares which are not publicly
traded in the United States or India. The CUSIP number for the American
Depositary Shares, each representing one quarter of one equity share, is 804099
10 9.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 5 Pages
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CUSIP No. None 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SOUTH ASIA REGIONAL FUND
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
MAURITIUS
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NUMBER OF 5 sole voting power
SHARES 3,600,000
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BENEFICIALLY 6 shared voting power
OWNED BY 0
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EACH 7 sole dispositive power
REPORTING 3,600,000
PERSON
WITH ----------------------------------------------------------
8 shared dispositive power
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED
3,600,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
NOT APPLICABLE
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.5%
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12 TYPE OF REPORTING PERSON
CO
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CUSIP No. N/A 13G Page 3 of 5 Pages
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Item 1(a). Name of Issuer:
Satyam Infoway Limited
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Item 1(b). Address of Issuer's Principal Executive Offices:
271-A, Anna Salai, Teynampet, Chennai 600 018, India
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Item 2(a). Name of Person Filing:
South Asia Regional Fund
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Item 2(b). Address of Principal Business Office or, if none, Residence:
Les Cascade Building, Edith Cavell Street, Port Louis ,
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Mauritius
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Item 2(c). Citizenship:
Mauritius
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Item 2(d). Title of Class of Securities:
Equity Shares, par value Rs. 10 per share
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Item 2(e). CUSIP Number:
None
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Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [_] Broker or Dealer registered under Section 15 of the Act
(b) [_] Bank as defined in section 3(a)(6) of the Act
(c) [_] Insurance Company as defined in section 3(a)(19) of the Act
(d) [_] Investment Company registered under section 8 of the Investment Company
Act
(e) [_] Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) [_] Employee Benefit Plan, Pension Fund which is subject to the provisions
of the Employee Retirement Income Security Act of 1974 or Endowment Fund;
see (S)240.13d-1(b)(1)(ii)(F)
(g) [_] Parent Holding Company, in accordance with (S)240.13d-1(b)(ii)(G)
(Note: See Item 7)
(h) [_] Group, in accordance with (S)240.13d-1(b)(1)(ii)(H)
Item 4. Ownership.
If the percent of the class owned, as of December 31 of the year covered by
the statement, or as of the last day of any month described in Rule 13d-1(b)(2),
if applicable, exceeds five percent, provide the following information as of
that date and identify those shares which there is a right to acquire.
(a) Amount Beneficially Owned:
3,600,000
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(b) Percent of Class:
16.5%
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CUSIP No. None 13G Page 4 of 5 Pages
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 3,600,000
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(ii) shared power to vote or to direct the vote 0
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(iii) sole power to dispose or to direct the disposition of 3,600,000
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(iv) shared power to dispose or to direct the disposition of 0
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Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [_].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
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CUSIP No. None 13G Page 5 of 5 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 23, 2000 South Asia Regional Fund
By: /s/ Robert Bunyon
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Name: Robert Bunyon
Title: Director
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)
