MoneyWorks4Me

L&T has divested its entire stake in listed firm Kalindee Rail Nirman (Engineers) Ltd, that executes railway track, signaling and telecommunication projects on turnkey basis. On Wednesday, after holding the stake for last two years, L&T sold its remaining 8.60% stake in Kalindee Rail through open market transactions.

In a separate development, Kalindee Rail has approved the allotment of ten lakh convertible warrants to promoters and promoters group.

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Peers
Company Name CMP
Larsen & Toubro 3677.00
Kalpataru Projects 1295.55
NCC 115.65
Rail Vikas Nigam 182.00
KEC International 336.75
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