L&T advances on buying complete stake held through TIDCO in L&T Shipbuilding

L&T advances on buying complete stake held through TIDCO in L&T Shipbuilding

by admin- Thursday, April 11th, 2019 04:13:09 PM

Larsen & Toubro is presently trading at Rs. 1381.50, up by means of 11.Sixty five points or zero.85% from its previous final of Rs. 1369.85 on the BSE.

The scrip opened at Rs. 1371.50 and has touched a high and occasional of Rs. 1383.00 and Rs. 1371.50 respectively. So a long way 12872 stocks were traded at the counter.

The BSE group ‘A’ stock of face cost Rs. 2 has touched a fifty two week excessive of Rs. 1459.10 on 21-Dec-2018 and a fifty two week low of Rs. 1183.Forty on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1392.Eighty and Rs. 1365.20 respectively. The present day marketplace cap of the organisation is Rs. 192896.33 crore.

The Institutions and Non-Institutions held 58.16% and 41.Eighty four%, stake inside the employer respectively.

Larsen & Toubro (L&T) has bought the complete stake held by Tamil Nadu Industrial Development Corporation (TIDCO) in L&T Shipbuilding (LTSB), a subsidiary employer, on April 10, 2019.

TIDCO held 3% stake in LTSB. The same has now been obtained through L&T, to make it an entirely owned subsidiary.

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