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L&T gains on buying stake in Mindtree via open market

Larsen & Toubro is currently trading at Rs. 1353.80, up by 2.55 points or 0.19% from its previous closing of Rs. 1351.25 on the BSE.

The scrip opened at Rs. 1360.00 and has touched a high and low of Rs. 1360.00 and Rs. 1351.05 respectively. So far 5725 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1459.10 on 21-Dec-2018 and a 52 week low of Rs. 1183.40 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1376.45 and Rs. 1342.10 respectively. The current market cap of the company is Rs. 189543.81 crore.

The Institutions and Non-Institutions held 57.83% and 42.17% stake respectively in the company.

Larsen & Toubro (L&T) has bought shares worth about Rs 113 crore of Mindtree through open market transactions. Post this transaction, the company is in fray to buy up to 46 per cent more stake in Mindtree.

The company had purchased around 20 per cent stake of V G Siddhartha and Coffee Day in Mindtree through block deal for about Rs 3,210 crore.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

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