L&T is currently trading at Rs. 1077.00, up by 15.45 points or 1.46% from its previous closing of Rs. 1061.55 on the BSE.
The scrip opened at Rs. 1065.30 and has touched a high and low of Rs. 1079.00 and Rs. 1065.00 respectively. So far 14,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1152.40 on 09-Dec-2013 and a 52 week low of Rs. 678.10 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 1105.00 and Rs. 1044.00 respectively. The current market cap of the company is Rs. 99,816.00 crore.
The Institutions and Non-Institutions held 52.61% and 44.43% respectively.
Larsen & Toubro’s (L&T) subsidiary - L&T Infrastructure Development Projects (L&T IDPL) has submitted an application to the Foreign Investment Promotion Board (FIPB) seeking approval in relation to the proposed Foreign Direct Investment (FDI) in L&T IDPL.
The company is engaged in discussions with a large global institutional investor for a proposed acquisition of a stake in L&TIDPL. Subject to completion of due diligence processes and necessary agreement on governance and other terms of the transaction with the investors, there is a contemplation of an initial infusion of Rs 1,000 crore into L&TIDPL, followed by a second tranche of Rs 1,000 crore (or such other higher amount as may be agreed between the company and the investor) after twelve months from the date of the initial investment, subject to further regulatory approvals at such time where required.
The proposed transactions are subject to various factors including necessary regulatory and authority approvals, and market conditions, and may or may not be completed, and parties have not yet entered into any agreements.
The scrip opened at Rs. 1065.30 and has touched a high and low of Rs. 1079.00 and Rs. 1065.00 respectively. So far 14,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1152.40 on 09-Dec-2013 and a 52 week low of Rs. 678.10 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 1105.00 and Rs. 1044.00 respectively. The current market cap of the company is Rs. 99,816.00 crore.
The Institutions and Non-Institutions held 52.61% and 44.43% respectively.
Larsen & Toubro’s (L&T) subsidiary - L&T Infrastructure Development Projects (L&T IDPL) has submitted an application to the Foreign Investment Promotion Board (FIPB) seeking approval in relation to the proposed Foreign Direct Investment (FDI) in L&T IDPL.
The company is engaged in discussions with a large global institutional investor for a proposed acquisition of a stake in L&TIDPL. Subject to completion of due diligence processes and necessary agreement on governance and other terms of the transaction with the investors, there is a contemplation of an initial infusion of Rs 1,000 crore into L&TIDPL, followed by a second tranche of Rs 1,000 crore (or such other higher amount as may be agreed between the company and the investor) after twelve months from the date of the initial investment, subject to further regulatory approvals at such time where required.
The proposed transactions are subject to various factors including necessary regulatory and authority approvals, and market conditions, and may or may not be completed, and parties have not yet entered into any agreements.
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