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    L&T MD sells 2,400 company shares for Rs 40.38 lakh

    Larsen and Toubro Managing Director and CEO K Venkataramanan has sold another 2,400 shares of the infrastructure major for about Rs 40.38 lakh, days after offloading over 2,000 shares of the company.

    December 12, 2012 / 19:15 IST

    Larsen and Toubro Managing Director and CEO K Venkataramanan has sold another 2,400 shares of the infrastructure major for about Rs 40.38 lakh, days after offloading over 2,000 shares of the company. The company in a BSE filing said that Venkataramanan sold 2,400 shares of the company on December 3 for about Rs 40.38 lakh, thereby reducing his stake by a notch to 5,78,419 shares of Rs 2 each or 0.094 per cent in L&T.

    Before the share sale, he had 5,80,419 shares in L&T or 0.094 per cent stake. On November 30, Venkataramanan had sold 2,000 shares for about Rs 33.48 lakh. Shares of L&T closed today at Rs 1,647.70 apiece on the BSE, down 1.18 per cent from the previous close.

    first published: Dec 12, 2012 07:10 pm

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