Fidelity Management Research (FMR) and its various arms together have increased their stake in Satyam 8.89%. This was done through the purchase of another 30 lac shares in the open market. Fidelity is now the second largest shareholder in Satyam, only behind the Infrastructure conglomerate L&T. It now owns 5.99 crores shares of the embattled software major. The break up of various Fidelity subsidiaries in Satyam are, Fid Funds Mauritius has 3.89 crore shares (5.78%), Fidelity Diversified International with 2 crore shares and 1,641 crore are held by Fid Asia Ex-Japan Tech Pilot. Meanwhile, the IT company’s government-appointed board on Thursday met to discuss various issues, including the criteria to shortlist strategic investors. As reported earlier, Fidelity had acquired 6.7% stake in Satyam through open market transactions in January this year.
