Rediff India Abroad
 Rediff India Abroad Home  |  All the sections

Search:



The Web

India Abroad




Newsletters
Sign up today!

Get news updates:
  


Home > India > Business > PTI > Report

   Discuss   |      Email   |      Print   |   Get latest news on your desktop

LIC assessing investment in Satyam

January 08, 2009 15:44 IST

Public-sector insurer Life Insurance Corp (LIC [Get Quote]), which holds 4.34 per cent in the troubled IT firm, Satyam Computer Services [Get Quote], on Thursday said it is assessing the situation and will take a decision on its holding accordingly.

"We have 4.34 per cent stake in Satyam Computer Services. We are concerned and will consider a decision according to how the situation develops," LIC MD Thomas Mathew said.

"We are a long-term investor and we do not believe in any short-term investments. All our investments are on the basis of strong reasearch and we look at the fundamentals of the company we invest in. Satyam is a niche player," Mathew, who is in charge of the investment, said.

The company was also concerned about Satyam and wants it to come up again, he said.

The Satyam fiasco: Complete Coverage



© Copyright 2008 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

   Email   |      Print   |   Get latest news on your desktop



Advertisement
Advertisement