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Monday, July 23, 2018

Fidelity raises Satyam stake to 10.17 pct

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

Written by Reuters | New Delhi | Published: March 2, 2009 10:36:18 am

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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