Larsen & Toubro (L&T) has received shareholders' nod for raising funds through issue of convertible bonds and/or equity shares through depository receipts and including by way of qualified institution placement to qualified institutional buyers for an amount not exceeding Rs 4,500 crore. The shareholders' approval was given at the company's annual general meeting (AGM) held on August 5, 2021. A special resolution for raising the funds was approved with requisite majority.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
