Tuesday, January 27, 2009

Satyam stake to expand software unit: L&T


MUMBAI: Engineering 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 per cent from 4 per cent.

"Overall, we are only trying to improve our situation," Naik told an analysts conference call that was aired on a television channel.

"If nothing else, to really make L&T Infotech bigger by our stake in Satyam," Naik said

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