L&T CFO says not increased Satyam stake

L&T CFO says not increased Satyam stake
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First Published: Fri, Jan 30 2009. 02 09 PM IST
Updated: Fri, Jan 30 2009. 02 09 PM IST
Mumbai: Larsen & Toubro, India’s top engineering and construction firm, has not increased its stake in Satyam Computer Services this week nor has it written to the government expressing interest about getting control of the fraud-hit outsourcer, a top official said.
L&T last week trebled its stake in Satyam to 12%, making it the largest shareholder, a move it said was to protect its interests.
“No, we have not written to the government,” chief financial officer Y M Deosthalee told CNBC TV18.
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First Published: Fri, Jan 30 2009. 02 09 PM IST
More Topics: Satyam | Larsen & Toubro | Stake | Fraud | Investment |