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Satyam: No intimation from regulator, says L&T
February 10, 2009 17:12 IST
Engineering major Larsen & Toubro said on Tuesday it has not received any intimation from market regulator Securities and Exchange Board of India regarding its chairman and managing director, A M Naik's comment on the Satyam [Get Quote] issue.
"We have not received any intimation on that. It's a rumour," an L&T spokesperson told PTI.
He was reacting to reports that Sebi was examining Naik's comments and would seek an explanation from him.
Naik had on an analysts' call said that L&T had 'far more information on what's going on (in Satyam).'
L&T recently increased its stake in the beleaguered IT firm to 12.04 per cent from the 4 per cent earlier.
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