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Monday, March 09, 2009

Satyam Bidding

The largest single shareholder in Satyam computers is the Larsen & Turbo (L&T), on Friday said it would wait for details of the bidding process and available financial figures before taking any decision on bidding.
L&T recently hiked its holding in Satyam to 12 per cent by acquiring close to 8 per cent stake through open market.
The SEBI today approved the bidding process of Satyam Computer enabling the Hyderabad-based company to sell 51 per cent stake - 31 through preferential route and 20 per cent via open offer.

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