L&T approves allotment of 11,900 equity shares to FCCB Holders

A Committee of Directors of Larsen & Toubro Ltd (L&T) has, on August 21, 2019, approved allotment of 11,900 (Eleven Thousand Nine Hundred) equity shares of Rs. 2 each (Rupees Two only) upon conversion of 250 (Two Hundred and Fifty) 0.675% convertible bonds due 2019 of USD 1,000 each at a conversion price of Rs. 1277.67 (Rupees One Thousand Two Hundred Seventy Seven and Paise Sixty Seven Only) per equity share with a fixed rate of exchange on conversion of Rs. 60.82 to USD 1.00 in terms of the Offering Circular dated le October, 2014.

Post the aforesaid allotment, the paid-up capital of the Company is Rs. 280,65,31,164 (Rupees Two Hundred and Eighty Crore Sixty Five Lakh Thirty One Thousand One Hundred and Sixty Four Only) divided into 140,32,65,582 (One Hundred and Forty Crore Thirty Two Lakh Sixty Five Thousand Five Hundred and Eighty Two) equity shares of Rs. 2 each (Rupees Two Only).

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1310.3 as compared to the previous close of Rs. 1342.6. The total number of shares traded during the day was 181865 in over 8677 trades.

The stock hit an intraday high of Rs. 1344 and intraday low of 1303.05. The net turnover during the day was Rs. 239344742.

Source : Equity Bulls

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