Life Insurance Corporation (LIC), which holds 4.34 per cent in the Satyam Computer Services will soon take a decision on its holding in the embattled software firm.
Shares of the country's India's fourth largest IT firm fell more than 80 per cent today after its chairman resigned, admitting profits had been inflated over the past several years.
"LIC being a long term player, our investment decisions are not much weighed by short-term developments, we look at the long tern fundamentals of the company we invest in," Thomas Mathew, managing director and head of investments at the insurer said.
"Our investment committee and our equity research team will meet and take a decision on the stake," he said.
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