L&T..hands tied over Styam

The financial investors in Larsen and Toubro the indian pioneer in engineering is facing some restraints from its financial investorsl ike LIC, GIC who have said that L&T should not bid too hight above the offer price for Satyam Bid...Satyam's simple moving average price over last one week is around 46.54 and it is expected that the floor price for bidding could be around 50......L&T hs some room but if the bidding turns into a full fledged bidding war then L&T could have to say that grapes were sour...