Larsen and Toubro limited bought 3.9 crores ( exact quantity: 39030954) shares of Satyam Computers at price of Rs 34.52 in NSE. After this buying L&T again bought 1.19 crores shares of Satyam Computers ltd in BSE. By these trades they have increased stake from 4 to 12% in Satyam Computers and became one of the largest stakeholder in Satyam Computers. This trade was done 1 hour after IT company IGate declared its interest in buying Satyam Computers. This is a big news for people who have invested in this stock at higher price before Satyam scam took place. It is suggested to stay with this share for some time.
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