L&T gains on launching FCCBs worth $200 million

25 Sep 2014

Larsen & Toubro is currently trading at Rs. 1473.40, up by 7.95 points or 0.54% from its previous closing of Rs. 1465.45 on the BSE.

The scrip opened at Rs. 1473.80 and has touched a high and low of Rs. 1478.00 and Rs. 1461.80 respectively. So far 1,07,000 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. 777.10 on 01-Oct-2013.

Last one week high and low of the scrip stood at Rs. 1588.05 and Rs. 1440.00 respectively. The current market cap of the company is Rs. 1,36,756.00 crore.

The Institutions and Non-Institutions held 56.18% and 41.49% respectively.

Larsen & Toubro (L&T) has launched and priced an accelerated offering of foreign currency convertible bonds (FCCBs). The issue size is $200 million of face value $200,000 a bond carrying a coupon rate of 0.675 per cent payable semi-annually. The tenor of the bond will be five years and one day.

The FCCBs are convertible into equity shares at the option of the bondholders. The initial conversion price would be Rs 1,916.50 a share.

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.

 

Related Larsen & Toubro Ltd. Links:

Larsen & Toubro Share Price

1305.20 26.00 (2.03%) Dec 13, 18:01
1 Year Price Chart
Peers
Company Name CMP
Larsen & Toubro 1305.20
NCC 53.85
KEC International 289.75
Rail Vikas Nigam 23.45
Sterling and Wilson 300.60
View more..
Sensex vs Larsen & Toubro
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463