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
23 February, 2018 15:58 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
Related Articles
MCX enhances maximum compensation limit to Rs 2.5 mn - 23-Feb-2018 10:31
Reliance Infra wins EPC contract worth Rs 36.47 bn - 23-Feb-2018 10:04
Larsen & Toubro bags orders worth Rs 12.66 bn - 23-Feb-2018 09:33
Vascon Engineers inks deal with Lina Ashar Foundation - 22-Feb-2018 13:15
Tata Comm partners with Taiwan's Chunghwa Telecom - 22-Feb-2018 10:57
Godrej Properties adds new residential project in Gurgaon - 22-Feb-2018 10:22
Indian Hume Pipe Co secures work order worth Rs 1.35 bn - 22-Feb-2018 10:15
Glenmark Pharma enters into collaboration with SDC Pharma - 22-Feb-2018 09:39
Lupin launches generic Namenda XR capsules in US - 21-Feb-2018 16:00
Lupin gets USFDA nod for generic Tamiflu for oral suspension - 21-Feb-2018 14:27
SSWL wins exports order from German OEM-BMW - 21-Feb-2018 12:15
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