L&T scrip up 2.9% on FIPB’s nod to FDI proposal
25 Feb 2014 6:06 AM IST
Larsen and Toubro shares gained on Monday after the government approved a Rs 1,000 crore foreign direct investment proposal of its infrastructure arm.
L&T shares climbed 2.85 per cent to Rs 1081.60 at the close on the BSE after rising to Rs 1,085.90. The stock contributed the most to gains in the benchmark Sensex, which added 110.69 points.
L&T Infrastructure Development Projects got the go-ahead to allot securities to a wholly owned subsidiary of Singapore-based CCP Investment, entailing a foreign fund inflow of Rs 1,000 crore.
L&T shares climbed 2.85 per cent to Rs 1081.60 at the close on the BSE after rising to Rs 1,085.90. The stock contributed the most to gains in the benchmark Sensex, which added 110.69 points.
L&T Infrastructure Development Projects got the go-ahead to allot securities to a wholly owned subsidiary of Singapore-based CCP Investment, entailing a foreign fund inflow of Rs 1,000 crore.
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