India's L&T raises stake in Satyam to 12 pct - CFO

MUMBAI, Jan 23 (Reuters) - Engineering and construction firm Larsen & Toubro Ltd (LART.BO) has raised its stake in troubled software firm Satyam Computer Services Ltd (SATY.BO) to 12 percent from 4 percent, L&T's chief financial officer told Reuters on Friday.

"We bought it today. I don't have the exact average price but you can calculate. There is a lot of corporate activity going on. We want to make sure our interests are covered," Y.M. Deosthalee said.

"We are not asking for a board seat at the moment."

(Reporting by Prashant Mehra & Janaki Krishnan; Editing by John Mair)