Foreign institutional investors (FIIs) have increased their stake in Larsen & Toubro (L&T) to 17.85% in October-December from 15.25% in Q2 FY14. FIIs have purchased an additional 24.2 million shares or 2.6% stake of L&T in Q3 FY14 after better than expected results for the quarter ended September. Presently FIIs holding in the company is highest since December 2007. However, total holdings of domestic institutional investors (DIIs) in the company have drop to 36.61% from 37.36% during the quarter.
Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector. More than seven decades of a strong, customer-focused approach and the continuous quest for world-class quality have enabled it to attain and sustain leadership in all its major lines of business.
Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector. More than seven decades of a strong, customer-focused approach and the continuous quest for world-class quality have enabled it to attain and sustain leadership in all its major lines of business.
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