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 3773.00
Kalpataru Projects 1452.60
NCC 128.45
Rail Vikas Nigam 198.80
KEC International 375.10
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