MoneyWorks4Me

L&T sells its entire 13.66% stake in Salzer Electronics

06 Aug 2015 Evaluate

Larsen & Toubro (L&T) has divested its entire 13.66% stake in Salzer Electronics in a bulk deal through an open market transaction. The company has sold 18,47,358 shares in Salzer Electronics amounting to Rs 54 crore. The company has sold the shares at a price of Rs 290.25 a piece.

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.


Peers
Company Name CMP
Larsen & Toubro 3620.50
Kalpataru Projects 1403.00
NCC 119.95
Rail Vikas Nigam 187.10
KEC International 349.85
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