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Larsen & Toubro

25 Jul 2024

Larsen & Toubro Shares Climb Nearly 3% After Earnings Announcement

The stock rallied 2.94 per cent to settle at Rs 3,623 on the BSE. During the day, it jumped 3.15 per cent to Rs 3,630.55.

Larsen & Toubro

11 Apr 2024

Larsen & Toubro Divests Entire Stake In L&T Infrastructure Development Project

Both L&T (51 per cent) and CPP Investments (49 per cent) stakes have been acquired by Epic Concesiones Private Limited, an investee company of Edelweiss Infrastructure Yield Plus Strategy, managed by Edelweiss Alternative Asset Advisors Limited (EAAA).

14 Jul 2023

L&T Plays A Critical Role In India’s Chandrayaan-3 Mission

According to L&T, the company is involved in the Chandrayaan-3 mission from manufacturing of subsystems till mission tracking.

21 Jul 2020

COVID-19: L&T Group chairman, directors take voluntary salary cut of up to 53%

L&T chairman A M Naik drew a total remuneration of Rs 6.18 crore for 2019-20 as against Rs 8.15 crore in 2018-19. L&T CEO & MD S N Subrahmanyan took home Rs 27.17 crore for 2019-20, showing a pay cut of 43.91 percent. Whole-time Director & Chief Financial Officer R Shankar Raman saw a pay cut of 47.33 percent to Rs 13.20 crore.

20 Oct 2019

Death tolls rises to five in Vadodara building collapse incident

The rescue team confirmed the death of five-person who were present inside the building. There were around ten workers involved in the demolition process of the building which belonged to construction major Larsen and Toubro.

19 Oct 2019

Multi-storey building collapses in Gujarat's Vadodara, 1 dead

A multi-storey building collapsed in Gujarat's Vadodara district on Saturday while work was underway to demolish it.

02 Aug 2019

Mindtree names former Cognizant executive Debashis Chatterjee as CEO

Mindtree has appointed named SN Subrahmanyan, CEO of Larsen & Toubro Ltd (L&T), as its non-executive vice chairman.

larsen and Toubro

23 Jul 2019

L&T Q1 net rises 20.5% to Rs 1,361 crore, revenue rises 9.7%

The overall PAT, including the PAT from discontinued operations for the quarter April to June, 2019 grew by 21.2 percent to Rs 1,473 crore as against Rs 1,215 crore for the corresponding quarter of the previous year, L&T said in a BSE filing.

larsen and Toubro

03 Jul 2019

L&T says Mindtree open offer completed, shareholders payments made

The infrastructure major's open offer - for Rs 980 a share - opened on June 17 and closed on June 28, 2019.

28 Jun 2019

L&T gets over 60% holding in Mindtree; open offer over-subscribed

Larsen and Toubro had bought 20.32 percent shares in the IT firm from V G Siddhartha and his coffee enterprise for over Rs 3,000 crore in March and subsequently made an open offer to buy an additional 31 percent stake.

larsen and Toubro

26 Jun 2019

L&T acquires controlling stake in Mindtree, India's first hostile IT takeover

In March this year, L&T had bought 20.32 percent stake from coffee baron VG Siddhartha and companies related to him and as since kept buying stake in Mindtree from its promoters and through an ongoing open offer.

21 Jun 2019

L&T to get 3 seats on Mindtree Board; Subroto Bagchi to step down

Also, Mindtree co-founder Subroto Bagchi, who will retire next month, has not offered himself for re-appointment to the Board.

12 Jun 2019

Mindtree independent directors' panel says L&T's open offer price reasonable

Last week, infrastructure major L&T had announced its Rs 5,030-crore open offer to acquire an additional 31 percent stake in the mid-tier IT company after nearly a month's delay.

07 Jun 2019

L&T announces Rs 5,029.8 cr open offer for Mindtree; offer at Rs 980/share

L&T will have to shell out Rs 5,029.8 crore for the planned open offer for the Bengaluru-based company.

31 May 2019

L&T picks up about 27K shares of Mindtree

After the latest transaction, L&T's shareholding in Mindtree stands at 28.88 percent. The latest stock purchase was made at Rs 980 apiece.

18 May 2019

L&T buys 13,440 shares of Mindtree, expands shareholding to 26.48%

Earlier this month, L&T had purchased around 20 percent stake of V G Siddhartha and Cafe Coffee Day in Mindtree through a block deal for about Rs 3,210 crore, and has since topped that up with share purchases from the open market.

15 May 2019

L&T acquires 1,168 shares of Mindtree

The mode of the acquisition was open market purchases and L&T's holding after the said purchase stood at 25.94 percent. The latest stock purchase was made at Rs 972 apiece.

10 May 2019

L&T acquires additional 2% stake in Mindtree; takes total holding to 25.9%

The mode of the acquisition was open market purchases and L&T's holding after the said purchase stood at 25.93 percent, compared to 23.92 percent prior to the transaction, another filing said.

20 Mar 2019

L&T, Mindtree come in open to counter each other over hostile deal

This is seen as the first hostile takeover bid in the Indian IT industry.

19 Mar 2019

Hostile bid: Facing flak, L&T says deal triggered by VG Siddhartha

L&T had Monday night announced that it reached an agreement to acquire Siddhartha's 20.32 percent stake at Rs 980 a share.

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