L&T gains as its arm inks pact to purchase stake in OPRO.AI INC
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Larsen & Toubro is currently trading at Rs. 2189.00, up by 21.70 points or 1.00% from its previous closing of Rs. 2167.30 on the BSE.
The scrip opened at Rs. 2167.00 and has touched a high and low of Rs. 2191.10 and Rs. 2166.00 respectively. So far 38440 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2,191.10 on 09-Dec-2022 and a 52 week low of Rs. 1456.80 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 2191.10 and Rs. 2067.20 respectively. The current market cap of the company is Rs. 307493.67 crore.
The Institutions and Non-Institutions held 62.84% and 37.17% stake respectively in the company.
Larsen & Toubro’s (L&T) wholly owned subsidiary -- Larsen & Toubro International FZE (LTIFZE) has entered into a Share Purchase Agreement on December 8, 2022, to purchase stake in OPRO.AI INC., a Delaware Corporation with the objective of realizing business synergies with relevant businesses of L&T Group. The cost of acquisition is $1 million.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
