The proposal to fundraising was approved by the requisite majority of shareholders at its annual general meeting held on August 1, 2019, according to a BSE filing.
Engineering major Larsen & Toubro August 1 said it has got shareholders' approval to raise up to Rs 4,000 crore or $600 million by issuance of different modes of securities.
The proposal to fundraising was approved by the requisite majority of shareholders at its annual general meeting held on August 1, 2019, according to a BSE filing.The company has proposed to raise funds through issue of convertible bonds and/or equity shares through depository receipts and including by way of qualified institutional placement to qualified institutional buyers for an amount not exceeding Rs 4,000 crore or USD 600 million.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.