L&T seeks regulatory approval to sell Satyam stake
August 6th, 2009
Larsen & Toubro is seeking regulatory approval to sell its 6.9% stake in Satyam, reports CNBC-TV18. As per the conditions of the Satyam bid held in April, bidders have been barred from selling their stake for six months as they were given access to Satyam’s financial information. L&T is now looking for a concession for the deadline.