Satyam stake to expand software unit: L&T

Satyam stake to expand software unit: L&T
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First Published: Tue, Jan 27 2009. 10 37 AM IST
Mumbai: The engneering and construction firm Larsen & Toubro Ltd is looking to expand its software unit by trebling its stake in fraud-hit Satyam Computer Services Ltd, Larsen chairman AM Naik said on Tuesday.
Larsen had raised its holding in Satyam on Friday to 12% from 4%.
Also Read | The Satyam Fiasco
“Overall, we are only trying to improve our situation,” Naik told an analysts conference call that was aired on television channel CNBC-TV18.
“If nothing else, to really make L&T Infotech bigger by our stake in Satyam,” Naik said.
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First Published: Tue, Jan 27 2009. 10 37 AM IST