Larsen and Toubro

BSE Announcements on Larsen

Posted by : MMB Messenger
Price when posted : [Larsen - BSE:Rs. 1643.55 NSE:Rs. 641.05 when posted]

Larsen & Toubro Ltd (L&T) has informed BSE regarding a Press Release dated November 13, 2009 titled "L&T divests 2.72 cr shares of Mahindra Satyam"....

buy

Posted by : anuj40
Price when posted : BSE: Rs 1640.00 ( -0.05 % ), NSE: Rs. 1642.00 ( 0.10 % )

buy lt ,they sold m.satyam at 112.5 and avg.cost for 8.7cr share is near about 80 .they will benifit from sale an not loose .buy with target 1850+levels ...

ANY TRUTH

Posted by : lion407
Price when posted : BSE: Rs 1643.05 ( 0.14 % ), NSE: Rs. 1645.00 ( 0.28 % )

U mean getting into Patni computers is good strategy for LnT? I dont think they should get into `other` stuff.. there core business is very good n should be focused onto.....

ANY TRUTH

Posted by : tara23
Price when posted : BSE: Rs 1645.35 ( 0.28 % ), NSE: Rs. 1647.85 ( 0.45 % )

a good strategy but , if one year is over they could have got exemption from capital gain tax.. why so hurry?...

27 mn shares @ Rs 112.45

Posted by : rvk41
Price when posted : BSE: Rs 1650.20 ( 0.58 % ), NSE: Rs. 1651.60 ( 0.68 % )

Engineering and construction major, Larsen & Toubro (L&T) sold 2.3% stake on Friday in Mahindra Satyam,of the leading software exporters, for Rs 3.03 billion
Shares of Mahindra Satyam plunged over 5% soon after stake sell. L&T sold 27 million shares of Mahindra Satyam at Rs 112.45 a share at the Bombay Stock Exchange,and holds back 4.6 % stake

For information,with regards
rvk41...

ANY TRUTH

Posted by : bharat in delhi
Price when posted : BSE: Rs 1655.00 ( 0.87 % ), NSE: Rs. 1655.90 ( 0.94 % )

yes ,this is true....

ANY TRUTH

Posted by : vishubimla
Price when posted : BSE: Rs 1660.00 ( 1.17 % ), NSE: Rs. 1659.00 ( 1.13 % )

they have exited Satyam today after making 1 300 crore + profits....

L&T wins a Contract

Posted by : uttam_hv
Price when posted : BSE: Rs 1659.40 ( 1.14 % ), NSE: Rs. 1660.00 ( 1.19 % )

Just yesterday IIP no.s were released.
Capital goods has shown significant growth.
Its good news for L&T.
We can hope for good set of no.s from next quarter....

ANY TRUTH

Posted by : tunga
Price when posted : BSE: Rs 1657.85 ( 1.04 % ), NSE: Rs. 1659.00 ( 1.13 % )

Yes I know they are only eyeing on patni since long time....

ANY TRUTH

Posted by : rk2009
Price when posted : BSE: Rs 1656.00 ( 0.93 % ), NSE: Rs. 1658.80 ( 1.12 % )

it all depends on the buyer is that more reliable than L&T....

ANY TRUTH

Posted by : tara23
Price when posted : BSE: Rs 1657.20 ( 1.00 % ), NSE: Rs. 1656.15 ( 0.96 % )

read in Business Line today that they are eyeing a stake in patni... computers....

ANY TRUTH

Posted by : tunga
Price when posted : BSE: Rs 1640.75 ( 0.29 % ), NSE: Rs. 1640.40 ( 0.00 % )

At this point what L&T did in disposing Sathyam shares is good sensible act. They can avail more funds for the running projects with this as margin. L&T can expedite project activities and keep commitments....

ANY TRUTH

Posted by : lion407
Price when posted : BSE: Rs 1640.75 ( 0.29 % ), NSE: Rs. 1640.40 ( 0.08 % )

Varner: If it impacts script price or not, I dont have much view. However, its very GOOD that they are getting out of non core activities. It better L&T keeps focus on business in hand, it should have nothing to do with establishing and buying in IT business. Any way, as a investor in L&T, this is my view....

ANY TRUTH

Posted by : Varner
Price when posted : BSE: Rs 1640.75 ( 0.29 % ), NSE: Rs. 1640.40 ( 0.08 % )

What effect will have on the share price of Larsen and Satyam?
In my opinion there will not be much as it may be a block deal....

ANY TRUTH

Posted by : rk2009
Price when posted : BSE: Rs 1640.75 ( 0.29 % ), NSE: Rs. 1640.40 ( 0.08 % )

to day morning CNBC confirmed the sale.this is mourning day for satyam,...