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L&T advances on raising Rs 2,000 crore via NCDs

23 May 2019 Evaluate

Larsen & Toubro is currently trading at Rs. 1491.35, up by 30.80 points or 2.11% from its previous closing of Rs. 1460.55 on the BSE.

The scrip opened at Rs. 1473.30 and has touched a high and low of Rs. 1560.50 and Rs. 1473.30 respectively. So far 882108 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,560.50 on 23-May-2019 and a 52 week low of Rs. 1,183.40 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1560.50 and Rs. 1333.20 respectively. The current market cap of the company is Rs. 209844.84 crore.

The Institutions and Non-Institutions held 57.83% and 42.17% stake respectively in the company.

Larsen & Toubro (L&T) has raised amount aggregating to Rs 2,000 crore through issuance and allotment of 20,000 or 8.02% Rated Listed Unsecured Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each which will mature on May 22, 2022.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

Peers
Company Name CMP
Larsen & Toubro 3860.00
Kalpataru Projects 1456.75
NCC 136.95
Rail Vikas Nigam 210.30
KEC International 402.50
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