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Fidelity raises Satyam stake to 10.17 pct

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Reuters

Posted: Mar 02, 2009 at 1036 hrs IST

New Delhi 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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