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Wednesday, Jul 06, 2005

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Info-Tech - Mergers & Acquisitions


Fidelity ups stake in Satyam

Our Bureau

HYDERABAD: Fidelity International Ltd (FIL), a Bermuda-based company and its direct and indirect subsidiaries, and the US-based FMR Corporation and its subsidiaries have together acquired 25 lakh shares aggregating to 0.78 per cent of the share capital of Satyam Computer Services.

According to a statement filed by Satyam with the National Stock Exchange, the acquisition late last month was made through market purchases and the shareholding of Fidelity International Ltd and FMR Corporation in Satyam now stood at 7.63 per cent.

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