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%.
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“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.