Larsen & Toubro to sell 1% stake in L&T Finance Holdings Limited in open market

Larsen & Toubro Ltd has been allowed to sell upto 1% equity shares of L&T Finance Holdings Limited on the floor of stock exchanges for meeting the minimum public shareholding as per SEBI norms. The company has also been advised to explore other options to meet the minimum public shareholding requirement within the specified timeline.8

Shares of Larsen & Toubro Ltd was last trading in BSE at Rs.901.95, down by Rs.72.75 or 7.46%. The stock hit an intraday high of Rs.988 and low of Rs.899.

The total traded quantity was 12.12 lakhs compared to 2 week average of 3.34 lakhs.

Shares of L&T Finance Holdings Limited was last trading in BSE at Rs.74.65, up by Rs.0.65 or 0.88%. The stock hit an intraday high of Rs.75.85 and low of Rs.74.

The total traded quantity was 2.72 lakhs compared to 2 week average of 3.03 lakhs.

Source : Equity Bulls

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