its stake in the IT firm whose valuation has dropped nearly 90 per cent since the disclosure of a Rs 7,800 crorefraud by Ramalinga Raju.
Top Accounting scandals
Five facts about Satyam
"I am concerned about my stake in Satyam," L&T Chairman A M Naik said after meeting Corporate Affairs Ministry officials.
The meeting of Naik with the MCA official comes amid reports that the company is in the race to buyout Satyam and that it has appointed Japanese financial services firm Nomura to advise on a possible deal with Satyam.
The engineering major currently holds about four per cent stake in Satyam, to run which the government has appointed a new six-member board. One of the board members, S Balakrishna Mainak, is from LIC - another Satyam shareholder.
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L&T worried
20 Jan 2009, 1515 hrs IST, PTI
NEW DELHI: Larsen & Toubro, currently the single largest shareholder in scam-ridden Satyam Computer, on Tuesday said it is concerned about
The Great Fall of Satyam
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Taugh time for L & T
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