Tuesday, January 27, 2009
L&T hikes stake in Satyamto 12%
L&T, thel argest capital company in india, has hiked its stake in satyam thru its subsidiary L&T capital services to 12%.......in an intervies with TV channel AM naik, CEO of Group said that the stake was hike to reduce the cost of eqrlier acquisistion of 4 % stake.......Althought L&T has admitted that it would like to acuiqre Satyam once legal issues become clear...As of now it seems that stake hike was to average the cost of acqusition of earlier stake....L&T has made clear that it does not want to interfere with the board at this stage and is not much eager to have a representative on teh board of Satyam......
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now of course other suitots have also emerged on teh scene....
ReplyDeleteFielity infestments has hiked its stake to 7.7%..next after L&T....
Spice groups has made open its plans to acquire lion's share ( 51%) in satyam....
HCL infosystems has evinced iterest...at BPO buisness.
I Gate promoted by Phanesh Murthy...
So all these factors make Satyam an interesting and surpriseful buy right now with definitley something cooking up....board of dicrecots is making every effort to cange the image of SATYAM and retain the clients........