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Larsen & Toubro surges on getting nod for scheme of arrangement

24 Dec 2013 Evaluate

Larsen & Toubro is currently trading at Rs. 1075.40, up by 6.75 points or 0.63% from its previous closing of Rs. 1068.65 on the BSE.

The scrip opened at Rs. 1072.30 and has touched a high and low of Rs. 1085.70 and Rs. 1072.30 respectively. So far 88035 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1152.40 on 09-Dec-2013 and a 52 week low of Rs. 678.10 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 1105.00 and Rs. 1044.00 respectively. The current market cap of the company is Rs. 99607.98 crore.

The institutions and non-institutions held 52.61% and 44.43% stake in the company, respectively.

Larsen & Toubro‘s wholly owned subsidiary- L&T Hydrocarbon Engineering (LTHE) has received an approval from High Court of Bombay for Scheme of Arrangement between Larsen & Toubro and LTHE.

The Scheme will be effective once the Court order is received and filed with the Registrar of Companies, in due course.

Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector. More than seven decades of a strong, customer-focused approach and the continuous quest for world-class quality have enabled it to attain and sustain leadership in all its major lines of business.

 

Larsen & Toubro Share Price

3953.90 -6.00 (-0.15%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3953.90
Rail Vikas Nigam 272.00
NCC 151.85
KEC International 563.95
Kalpataru Projects 1171.40
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