L&T may sell part of Mahindra Satyam stake

Posted By: Staff
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Mumbai, Nov 13: Larsen & Toubro which holds 6.9 per cent stake in Mahindra Satyam is reportedly planning on selling the a part of it.

However, an L&T spokesperson has brushed aside these reports as 'market speculation'.

L&T which was bidding to acquire the then fraud-hit Satyam Computer had increased its stake in the IT company to 12 per cent.

However, Tech Mahindra bagged the acquisition giving birth to Mahindra Satyam.

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