Why do you think ONLY L & T is interested in Satyam shares (considering its financial and organizational strength)? Is L & T planning to buy out Satyam or does it seem to have any other plans?
The company said that they cannot buy Satyam the way it was earlier priced they invested in 4-5%.
Their idea was to strike some sort of go to market strategy, some sort of strategic alliance.
The company further said that at this point in time they are not the right people, they don`t want to come closer when so much of statutory investigation is going on.
Shares of Larsen & Toubro closed down Rs 55.45, or 7.15%, at Rs 720.10. The total volume of shares traded at the BSE was 1,648,684 (Friday). Retrieved from News on the Internet .