Satyam Update

Larsen & Toubro has increased its stake in Satyam Computer Services from 4% to 12%. Bulk of the buying was done by the infrastructure giant on Friday. The Satyam stock witnessed huge volumes during the day. The company has not yet commented on the move. As per records on the NSE, L&T bought 3.9 crore Satyam shares at Rs 34.52 per share.