MoneyWorks4Me

L&T seeks shareholders’ nod to raise up to $600 million

06 Aug 2015 Evaluate

Larsen & Toubro (L&T), the engineering and construction giant, has sought shareholders' nod to raise up to $600 million amounting about Rs 3,600 crore through issue of securities to meet capital requirement of growing business. The company will issue and allot in one or more tranches securities to investors whether Indian or Foreign which shall not exceed Rs 3,600 crore.

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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