Monday, January 19, 2009

Larsen & Toubro (L&T) interested in acquiring Satyam Computer Services.

Larsen & Toubro (L&T), which owns 4% in Satyam, is believed to have approached top government officials saying it has an action plan to save the software-maker.

Persons familiar with the matter said Naik has sought an appointment with Prime Minister Manmohan Singh to drive home the point that the engineering company is best suited to take over Satyam, provided the government took care of Satyam's liabilities.

Any potential buyer, including L&T, may have to participate in the formal process conducted by the board.



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1 comment:

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