Larsen & Toubro (L&T) is currently trading at Rs. 1717.10, up by 1.35 points or 0.08% from its previous closing of Rs. 1715.75 on the BSE.
The scrip opened at Rs. 1722.00 and has touched a high and low of Rs. 1732.00 and Rs. 1710.00 respectively. So far 56434 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1774.70 on 09-Jun-2014 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. 1774.70 and Rs. 1664.15 respectively. The current market cap of the company is Rs. 159102.35 crore.
The institutions and non-institutions held 55.07% and 42.25% stake in the company, respectively.
Larsen & Toubro (L&T) is planning to raise around Rs 6,000 crore through non-convertible debentures in the current fiscal. The company will raise the fund for capital expenditure, equity infusion in subsidiaries and debt repayment. The company will be seeking shareholders’ nod to raise the capital through debentures as stipulated in the Companies Act.
Additionally, L&T will be seeking shareholders' approval to raise $600 million through equity and hybrid instruments such as Qualified Institutional Placement (QIP), foreign currency convertible bonds and so on.
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.
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