L&T offloads 0.06% stake in L&T Finance Holdings for Rs 7.68 crore

27 Nov 2013

Engineering major Larsen & Toubro (L&T) has offloaded 0.06% stake or 10,00,554 shares in its financial services arm L&T Finance Holdings on November 25 for Rs 7.68 crore though the National Stock Exchange and the BSE.

Following the transaction, L&T has 141.19 crore shares, or a 82.2% stake, in L&T Finance Holdings. L&T sold 7.06 lakh shares through the NSE, which fetched Rs 5.42 crore, while it received Rs 2.26 core by selling 2.94 lakh shares on the BSE.

L&T Finance Holdings offers financial products and services across the corporate, retail and infrastructure finance sectors. It is registered with the Reserve Bank as a non-banking financial company.

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