Larsen & Toubro Ltd.

Larsen & Toubro (L&T) is currently trading at Rs. 1147.50, up by 5.85 points or 0.51% from its previous closing of Rs. 1141.65 on the BSE.

The scrip opened at Rs. 1142.00 and has touched a high and low of Rs. 1147.90 and Rs. 1132.30 respectively. So far 1,85,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1223.28 on 30-May-2017 and a 52 week low of Rs. 863.97 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 1152.40 and Rs. 1120.00 respectively. The current market cap of the company is Rs. 1,60,550.00 crore.

The Institutions and Non-Institutions held 57.33% and 42.67% respectively in the company.

L&T has entered into definitive agreement for the divestment of its entire stake in L&T Cutting Tools, a wholly-owned subsidiary, with IMC International Metalworking Companies B.V, a company owned by Berkshire Hathaway Inc.

The Share Sale and Purchase Agreement have been executed on August 16, 2017. The consideration for sale is Rs 174.04 crore. Subject to customary closing conditions, the sale is expected to be completed within 90 days from the date of execution of the Share Sale and Purchase Agreement.

Larsen & Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.