News and Events of India

The largest engineering and construction company Larsen and Toubro are planning to takeover the fraud hit company Satyam computer sevices. LandT has already invested 7 billion rupees or allmost 140 million dollars in the shares of Satyam. That’s why LandT has become the biggest shareholder for Satyam. The government appointed new board of Satyam is seeking a immediate investor for Satyam. The biggest Indian construction company LandT is now planning to grow it’s IT business and a possible merger with a big IT company will be the ideal goal of the company. That’s why the company is showing interest on Satyam. Larsen and Toubro has already developed a 4% stake on Satyam computer services by the month of January.

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