LIC plans to acquire 5% stake in L&T: Report

28 Feb 2017

Life Insurance Corporation of India (LIC), a dominant player in both debt and stock markets, is reportedly planning to acquire additional 5% stake in Larsen & Toubro (L&T) for Rs 6,500 crore. The insurer, which already owns 16% stake in L&T, has received the regulator's approval to buy the additional stake.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $16 billion in revenue. It operates in over 30 countries worldwide.

Related Larsen & Toubro Ltd. Links:

Larsen & Toubro Share Price

1472.85 30.60 (2.12%) Mar 01, 16:17
1 Year Price Chart
Company Name CMP
Larsen & Toubro 1472.85
Rail Vikas Nigam 32.45
KEC International 450.00
NCC 92.45
PNC Infratech 269.70
View more..
Sensex vs Larsen & Toubro
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323