Saturday, January 24, 2009

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Larsen & Toubro(L&T) has tripled its stake in Satyam Computer Services to 12%

Larsen & Toubro (L&T) has moved a step closer to acquiring scam-hit Satyam Computer. The engineering major on Friday bought 3.9 crore Satyam shares at a price of Rs 34.52 per share in a bulk deal estimated at around Rs 135 crore on the NSE. With this, the total shareholding of L&T in Satyam has increased from 4.48 per cent to 12.04 per cent.


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