Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
26 March, 2017 20:25 IST
L&T's arm transfers stake in South City Projects for Rs 1.88 bn
Source: IRIS | 21 Mar, 2017, 09.41AM
Comments  |  Post Comment

Larsen & Tourbo's (L&T) wholly-owned subsidiary, L&T Realty has transferred 2,88,02,880 equity shares in L&T South City Projects to Pragnya South Opportunity Fund & Pragnya Fund II upon receipt of consideration of Rs 1.88 billion on March 20, 2017.

L&T Realty had earlier executed a share purchase agreement (SPA) for selling its entire stake in L&T South City Projects to Pragnya group.

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

Shares of the company gained Rs 19.7, or 1.28%, to trade at Rs 1,557.95. The total volume of shares traded was 10,713 at the BSE (9.35 a.m., Tuesday).



Larsen & Toubro Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
RCap completes transfer of commercial finance biz to subsidiary - 24-Mar-2017 18:46
TCS, LIBA to launch management program on Business Analytics - 24-Mar-2017 11:56
Asian Oilfield wins LoA for contract worth Rs 1.08 bn - 24-Mar-2017 11:50
Asian Oilfield wins LoA for contract worth Rs 1.08 bn - 24-Mar-2017 11:50
NTPC plans to achieve 32 GW installed capacity via renewable sources by 2032 - 24-Mar-2017 10:47
RCF issues commercial paper worth Rs 1.50 bn - 24-Mar-2017 10:21
Ujaas Energy bags order from Indraprastha Power - 24-Mar-2017 09:29
NHPC inks purchase pacts with Tata Power - 24-Mar-2017 09:13
Siemens bags RE order worth Rs 1.87 bn - 24-Mar-2017 09:09
Bharti Airtel to acquire Tikona Networks' 4G biz for Rs 16 bn - 24-Mar-2017 08:52
Lupin receives USFDA nod for generic inhalation solution - 23-Mar-2017 16:00
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer