by Ankit Agarwal on January 19, 2010

Looks like L&T is ready with its second phase of off-loading its stake in the erstwhile Satyam Computer Services. In the first round of stake sale, L&T had offloaded 2.32% stake in Satyam Computer Services Ltd. (500376.BY) for about INR3.06 billion.From a total of around 4.58% stake, L&T will be looking to sell off the [...]
by Ankit Agarwal on November 13, 2009

It was always on the cards, wasn’t it.L&T had been holding on to a huge chunk of the erstwhile Satyam Computers(now Mahindra Satyam).L&T was one of the bidders for the Satyam buyout but its backed out when Tech Mahindra overbid it. L&T has gradully built up its position in Satyam during the Buyout process [...]