L&T not in a hurry to sell its stake in Satyam

 
“We are not selling our stake in Mahindra Satyam and there is no intention to sell our stake immediately,” L&T Chief Financial Officer Y M Deosthalee said.

Sebi rules bar L&T, from selling stake in the company for six months from the final bid date to insulate the scrip from volatility. This was also because as a bidder, L&T had access to the books of Satyam. There is a lock-in period and “we have applied for relaxation... we will take a call after the deadline,” he said.

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 0

    Angry