MUMBAI: Mahindra Satyam saw 27.2 million shares, or about 2.31 percent of its equity change hands, at Rs 114.90 a share on the BSE, stock
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exchange data showed on Friday. L&T has appointed Nomura for the share sale.
An official at leading engineering and construction firm Larsen & Toubro, who did not want to be named, said the company was the seller.
L&T had bought 8.1 crore shares in the Hyderabad-based software exporter last year at an average price of Rs 79 a share and made an abortive bid to acquire the company when it was put on the block.
Mahindra Satyam was formerly known as Satyam Computer Services, which was hit by India's biggest corporate fraud at the start of the year.
In April, L&T lost the race for control of the outsourcer to Tech Mahindra Ltd, a unit of India's Mahindra & Mahindra Ltd.
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