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 | March 2, 2009 10:36 AM IST

1 min read

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.