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Satyam stake to expand L&T Infotech: L&T

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Agencies

Posted: Jan 27, 2009 at 0929 hrs IST

Mumbai Engineering and construction firm Larsen & Toubro is looking to expand its software unit by trebling its stake in fraud-hit Satyam Computer Services, Larsen Chairman A.M. Naik said on Tuesday.

Larsen had raised its holding in Satyam on Friday to 12 per cent from 4 per cent.

"Overall, we are only trying to improve our situation," Naik told an analysts conference call that was aired on a television channel.

"If nothing else, to really make L&T Infotech bigger by our stake in Satyam," Naik said.

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