LIC assessing investment in Satyam
Public-sector insurer Life Insurance Corp (LIC), which holds 4.34 per cent in the troubled IT firm, Satyam Computer Services, today said it is assessing the situation and will take a decision on its holding accordingly.
By PTI |
MUMBAI: Public-sector insurer Life Insurance Corp (LIC), which holds 4.34 per cent in the troubled IT firm, Satyam Computer Services, today 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 incharge of the investment, said.
The company was also concerned about Satyam and wants it to come up again, he said.
"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 incharge of the investment, said.
The company was also concerned about Satyam and wants it to come up again, he said.
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