IndiaCatalog.com
Login Signup
IndiaCatalog.com
Home Web Directory Classifieds Yellow Pages Global Directory City Guide News Photo Galleries
Login
Signup
  • Home
  • News
  • Larsen & Toubro Limited Related news

Larsen & Toubro Limited Related news

Larsen & Toubro nears 52-week high after Mindtree stake buy; stock up 3%

Larsen & Toubro nears 52-week high after Mindtree stake buy; stock up 3%

Shares of Larsen & Toubro (L&T) rose 3 per cent to Rs 1,415 in intra-day trade on Friday, extending their Wednesday gain on the BSE, even as brokerages firm maintain ‘buy’ rating on the stock after the company proposed to acquire IT firm Mindtree.

The stock is 3 per cent away from its 52-week high price of Rs 1,459 that it hit on December 21, 2018, in intra-day trade. It touched an all-time high of Rs 1,470 on February 1, 2018, on the BSE.

Takeover tussle: L&T’s takeover bid fails to unsettle Mindtree

Takeover tussle: L&T’s takeover bid fails to unsettle Mindtree

Even as Larsen and Toubro (L&T) on Tuesday tried to play down the nature of its move to take over technology firm Mindtree, promoters of the latter refused to budge from their stand, terming the move hostile, unprecedented, and unexplainable. They maintained that the culture of the two companies are not aligned.

Addressing newspersons on Tuesday, L&T MD & CEO SN Subrahmanyan said what they are trying to do is with pyaar (love) and will continue to look at it as something they are doing from dil (heart).

L&T mounts hostile bid for Mindtree, eyes 67% stake for Rs 10,733 crore

L&T mounts hostile bid for Mindtree, eyes 67% stake for Rs 10,733 crore

Engineering major Larsen and Toubro (L&T) on Monday mounted a hostile takeover bid for Bengaluru-headquartered Mindtree, with a multipronged strategy to buy around a 67 per cent controlling stake in the IT company for about Rs 10,733 crore.

As the first step, L&T entered into a deal to purchase the 20.32 per cent stake of Mindtree’s single-largest investor, V G Siddhartha, at Rs 980 per share in an all-cash transaction, which translates into Rs 3,269 crore.

L&T may spend about USD 1 billion in Mindtree takeover bid: report

L&T may spend about USD 1 billion in Mindtree takeover bid: report

Mumbai: Indian conglomerate Larsen & Toubro Ltd would spend up to 70 billion rupees (USD 1.02 billion) in a hostile bid to buy IT services company Mindtree Ltd, the Times of India (TOI) reported citing sources directly involved with the matter.

L&T will buy out Mindtree’s largest shareholder VG Siddhartha and companies in which he is a promoter, following which an open offer will be sent to the public shareholders of Mindtree, according to the report published on Monday.

Stock call: Buy Larsen & Toubro Infotech with target price of Rs 1,905

Stock call: Buy Larsen & Toubro Infotech with target price of Rs 1,905

We had downgraded L&T Infotech (LTI) post Q3FY19 results (Limited catalysts for re-rating) given client-specific issues, peak margins and near full valuation. Stock is since down ~9%, which appropriately captures our concerns. NIFTY IT index is up 4% in comparison. We also see it less likely for any stake acquisition in Mindtree, if at all, to happen from LTI’s balance sheet. As a result, we upgrade the stock to ‘Buy’, with a revised target price of rS 1,905 based on 18x FY21E EPS.

Larsen & Toubro gains 4% on winning multiple orders; up 10% in two weeks

Larsen & Toubro gains 4% on winning multiple orders; up 10% in two weeks

Shares of Larsen & Toubro were up 4 per cent to Rs 1,403 on the BSE on Tuesday, after the company said its power transmission & distribution business has bagged a number of engineering, procurement and construction (EPC) orders in India and abroad.

At 10:43 am; L&T was the largest gainer among the frontline benchmarks, the Nifty 50 and S&P BSE Sensex. The benchmark indices were up 1.2 per cent each. A combined 2.74 million equity shares changed hands on both the exchanges.

L&T Finance closes NCS issue on second day, raises Rs 2,228 cr

L&T Finance closes NCS issue on second day, raises Rs 2,228 cr

L&T Finance Holdings on Thursday announced early closure of its bond issue following a 4.5 times oversubscription, raising a little over Rs 2,228 crore.

The issue was opened on March 6 and was scheduled to close on March 20. The base size of the issue was Rs 500 crore, with an option to retain over-subscription up to Rs 1,000 crore.

L&T Construction bags large contracts from clients in Delhi, other states

L&T Construction bags large contracts from clients in Delhi, other states

Infrastructure giant Larsen & Toubro (L&T) Thursday said its construction arm has bagged "large" contracts from multiple clients in the domestic market.

The engineering and construction company, however, did not provide the exact value of the contract; but as per its project classification, the value of the contracts were in "large" category which is in the range of Rs 2,500 to Rs 5,000 crore.

L&T Infotech likely to finalise Mindtree stake acquisition this week from Cafe Coffee Day founder

L&T Infotech likely to finalise Mindtree stake acquisition this week from Cafe Coffee Day founder

L&T Infotech is likely to finalise acquiring Cafe Coffee Day founder VG Siddhartha’s 20.41% stake in Mindtree as early as this week for a price close to `975/ share, which is higher than the price offered by KKR at about `925/share, a source aware of the matter told FE. Mindtree’s shares closed Tuesday’s session 1.59% down at `916.50 on the BSE.

Larsen & Toubro construction arm bags multiple projects in Tamil Nadu, Jharkhand, Odisha

Larsen & Toubro construction arm bags multiple projects in Tamil Nadu, Jharkhand, Odisha

Infrastructure giant Larsen & Toubro (L&T) Tuesday said the water and effluent treatment business of its construction arm has bagged “major” projects in Tamil Nadu, Jharkhand and Odisha. The engineering and construction company, however, did not provide the exact value of the contract; but as per its project classification, the value of the contracts was in “major” category which is in the range of Rs 5,000 to Rs 7,000 crore.

  • Previous
  • 6
  • 7
  • 8
  • 9
  • 10
  • Next

Post a FREE Classified Advertisement

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.

Most Read News

IndiaCatalog News
Reliance Industries' solar leap prompts Nuvama's highest-ever target price
IndiaCatalog News
BHEL shares climb 3% on winning ₹6,500-crore order from Adani Power
IndiaCatalog News
JioBlackRock Broking gets Sebi's approval to launch brokerage business
IndiaCatalog News
Over 55 mn devotees visited Ayodhya Ram Temple since consecration: UP govt
IndiaCatalog News
Tesla Model Y makes driverless delivery with no human input, says Musk

CORPORATE NEWS

Axis Bank
Axis Bank
Bharat Petroleum
Bharat Petroleum
Volvo India
Volvo India
Lanco Industries
Lanco Industries
Essar Steel
Essar Steel
HDFC Bank
HDFC Bank
State Bank of India
State Bank of India
Kotak Mahindra Group
Kotak Mahindra Group

PHOTO GALLERY

Srimanthudu
Srimanthudu
Muhammad Ali
Muhammad Ali
Maruti WagonR Lxi
Maruti WagonR Lxi
Pranitha Subhash
Pranitha Subhash
Volvo FH
Volvo FH
Premam Telugu Movie
Premam Telugu Movie
Baadshaho
Baadshaho
Mighty Mahindra Scorpio
Mighty Mahindra Scorpio
IndiaCatalog.com

IndiaCatalog.com is a website brought to you by Portland Technologies to provide directory of Indian websites, News, City Guides and profiles of Indian Businesses. Portland Technologies also provides IT solutions for Small and Medium Businesses in India.


Products

India Web Directory

Global Web Directory

Yellow Pages

Photo Galleries

FREE India Classifieds


Useful links

About us

Advertise

Link to us

Submit a Site

Business Reviews


Contact

Plot #37, Ramnagar Gundu, Hyderabad - 500 044

service@indiacatalog.com

+91-40-23756949


© Copyright: IndiaCatalog.com