Fidelity raises stake to 10.2% | india | Hindustan Times
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Fidelity raises stake to 10.2%

india Updated: Mar 02, 2009 21:10 IST
HT Correspondent
HT Correspondent
Hindustan Times
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UK-based private equity and investment fund Fidelity has raised its stake in Satyam Computer Services by 0.27 per cent to 10.17 per cent through open market purchases.

The move is the second such in a month by the UK company. Earlier, it had increased its stake to 8.89 per cent on February 11, 2009.

Engineering firm Larsen & Toubro holds about 12 per cent of Satyam and is the single-largest shareholder of the fraud-hit firm, whose board is in the process of inviting interests from potential bidders.