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This is an archive article published on March 2, 2009

Fidelity raises Satyam stake to 10.17 pct

Fidelity has raised its stake in Satyam Comp to 10.17 pct through open market purchases.

Fidelity has raised its stake in embattled Satyam Computer Services by 0.27 per cent to 10.17 per cent through open market purchases,it said in a regulatory filing to the stock exchange on Monday.

Engineering firm Larsen & Toubro holds about 12 per cent of Satyam and is the single-largest shareholder of the fraud-hit firm,whose board is in the process of inviting interests from potential bidders.

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