L&T allots 291325 shares

A Committee of Directors of Larsen & Toubro Ltd has, on May 31, 2019, approved allotment of 2,91,325 (Two Lakh Ninety One Thousand Three Hundred and Twenty Five) equity shares of Rs. 2 each (Rupees Two only) upon conversion of 6120 (Six Thousand One Hundred and Twenty) 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 14th October, 2014.

Post the aforesaid allotment, the paid-up capital of the Company is Rs. 280,61,82,556 (Rupees Two Hundred and Eighty Crore Sixty One Lakh Eighty Two Thousand Five Hundred and Fifty Six Only) divided into 140,30,91,278 (One Hundred and Forty Crore Thirty Lakh Ninety One Thousand Two Hundred and Seventy Eight) equity shares of Rs. 2 each (Rupees Two Only).

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1558.25 as compared to the previous close of Rs. 1552.4. The total number of shares traded during the day was 126329 in over 4331 trades.

The stock hit an intraday high of Rs. 1569 and intraday low of 1541.1. The net turnover during the day was Rs. 196888207.

Source : Equity Bulls

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