Oct 07, 2011, 12.32 PM | Source: Moneycontrol.com
Larsen and Toubro (L&T) touched an intraday high of Rs 1,398.00 and an intraday low of Rs 1,373.15. At 12:23 hrs the share was quoting at Rs 1,392.25, up Rs 48.60, or 3.62%.
The company renews stake sale talks in L&T Infotech. It may look to exit L&T Infotech. There are two players in the race to acquire L&T Infotech, reports CNBC-TV18, quoting sources.
Fujitsu is likely to be front runner in acquiring L&T Infotech. Capgemini is likely to have shown interest in L&T Infotech. Both players are likely to have entered due diligence stage. The buyer will get an 8 year IT outsourcing contract from L&T.
However, company said that they can't comment on market speculation.
It was trading with volumes of 193,573 shares. In the previous trading session, the share closed up 0.50% or Rs 6.65 at Rs 1,343.65.
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