Mumbai: Engineering and construction major Larsen and Toubro, which has around four per cent stake in Satyam Computer Services, is keeping its options open regarding any possible strategic alliance with the company.
Satyam: The truth at last!
A.M.Naik, Chairman, LT, said the stake was acquired earlier as LT was for an alliance with the company. This would have provided LT a foothold in the IT space.
Government supersedes Satyam board
LT has its own software company LT Infotech that offers IT services and solutions. However, after the Rs 7,136-crore financial mess in Satyam came into the open on Wednesday, the focus has now shifted to a wait-and-watch mode. There are no plans to acquire any additional stake as of now. Earlier, LT's investment arm, LT Capital, acquired the stake in Satyam.
Satyam: The truth at last!
A.M.Naik, Chairman, LT, said the stake was acquired earlier as LT was for an alliance with the company. This would have provided LT a foothold in the IT space.
Government supersedes Satyam board
LT has its own software company LT Infotech that offers IT services and solutions. However, after the Rs 7,136-crore financial mess in Satyam came into the open on Wednesday, the focus has now shifted to a wait-and-watch mode. There are no plans to acquire any additional stake as of now. Earlier, LT's investment arm, LT Capital, acquired the stake in Satyam.
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