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Larsen & Toubro Ltd to raise 60.00 bln Indian Rupees-Business Standard

Tuesday, 10 Jun 2014 06:36am EDT 

Larsen & Toubro Ltd(L&T):Plans to raise about 60.00 bln Indian Rupees through non-convertible debentures for capital expenditure, equity infusion in subsidiaries and debt repayment in the current fiscal-Business Standard.The company will be seeking shareholders' nod to raise the capital through debentures as stipulated in the Companies Act.Additionally, L&T will be seeking shareholder approval to raise $600 million ( around 35.00 bln Indian Rupees ) through equity and hybrid instruments such as Qualified Institutional Placement (QIP), foreign currency convertible bonds and so on. 

Company Quote

15.6 +0.89%
6:22am EDT