L&T surges as its arm concludes disinvestment in Dhamra Port Company

24 Jun 2014

Larsen & Toubro is currently trading at Rs. 1692.05, up by 38.40 points or 2.32% from its previous closing of Rs. 1653.65 on the BSE.

The scrip opened at Rs. 1664.30 and has touched a high and low of Rs. 1698.90 and Rs. 1655.00 respectively. So far 77287 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. 1707.40 and Rs. 1628.10 respectively. The current market cap of the company is Rs. 155850.72 crore.

The institutions and non-institutions held 55.07% and 42.25%, stake in the company, respectively.

Larsen & Toubro’s (L&T) subsidiary - L&T Infrastructure Development Projects (L&T IDPL) has concluded the disinvestment of its stake in The Dhamra Port Company to Adani Ports & Special Economic Zone (APSEZ). The company had earlier executed the share purchase agreement dated May 16, 2014 with Tata Steel and APSEZ for the same.

Larsen & Toubro 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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