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L&T strengthens as its arm inks pact to acquire Esencia Technologies

04 May 2017 Evaluate

Larsen & Toubro (L&T) is currently trading at Rs. 1730.25, up by 9.65 points or 0.56% from its previous closing of Rs. 1720.60 on the BSE.

The scrip opened at Rs. 1720.00 and has touched a high and low of Rs. 1741.00 and Rs. 1720.00 respectively. So far 304060 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1771.00 on 27-Apr-2017 and a 52 week low of Rs. 1224.00 on 24-May-2016.

Last one week high and low of the scrip stood at Rs. 1,767.00 and Rs. 1,716.05 respectively. The current market cap of the company is Rs. 161474.59 crore.

The Institutions and Non-Institutions held 57.09% and 42.90% respectively.

L&T Technology Services (LTTS), the IT services arm of the engineering major L&T, has signed an agreement to acquire US-based design services provider Esencia Technologies Inc. The company will pay $27 million to acquire the California-headquartered firm and $15 million will be paid upfront. The rest will be paid over a period of four years.

LTTS is aiming to strengthen its offerings in areas such as perceptual computing, internet of things, advanced silicon products and wireless networking technologies with fast, powerful and smart design tools and signal processing libraries.

Larsen & Toubro Share Price

3973.60 -48.90 (-1.22%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3973.60
Rail Vikas Nigam 305.00
NCC 169.85
KEC International 598.10
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