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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

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