Larsen, Hinduja say undecided on Satyam bid | business | Hindustan Times
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Larsen, Hinduja say undecided on Satyam bid

Diversified Indian firms Larsen & Toubro and Hinduja Group said they were yet to decide whether to bid for fraud-hit outsourcer Satyam Computer Services, which got the market regulator's nod to sell a 51 per cent stake in two phases.

business Updated: Mar 06, 2009 11:32 IST

Diversified Indian firms Larsen & Toubro and Hinduja Group said on Friday they were yet to decide whether to bid for fraud-hit outsourcer Satyam Computer Services, which got the market regulator's nod to sell a 51 per cent stake in two phases.

"We will have to wait for the information document... whether this is just an enabling approval, whether there will be any modification," Larsen CFO YM Deosthalee told Reuters over telephone.

"We have not yet decided," he said when asked about bidding for Satyam.

Prabal Banerjee, chief financial officer of the Hinduja Group, said they were yet to take a call on whether to bid for Satyam.

"I cannot comment on that, we have not taken a call on that as of now," he said.