Mauritius fund to up stake in India's Satyam Info

Newswire

NEW DELHI, Nov 26 (Reuters) - The Indian government on Tuesday approved a $13-million proposal by a Mauritius-based fund to increase its stake in Internet service provider Satyam Infoway Ltd to 57 percent from 44.7 percent. The 650-million-rupee foreign investment by the South Asia Regional Fund, which includes a premium, is to help Satyam set up a public data network for e-commerce and Internet services, a government statement said. The approval was among 41 foreign direct investment ...

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