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.
At 10:31 am, the share was quoting at Rs 1,508, down Rs 6.8, or 0.45%. It has touched an intra-day high of Rs 1,520.00 and an intra-day low of Rs 1,501.
