L&T zooms as its arm enters into SPA to acquire stake in Intelliflux Controls Inc
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Larsen & Toubro is currently trading at Rs. 1829.20, up by 31.35 points or 1.74% from its previous closing of Rs. 1797.85 on the BSE.
The scrip opened at Rs. 1810.00 and has touched a high and low of Rs. 1846.00 and Rs. 1810.00 respectively. So far 20064 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1982.95 on 15-Nov-2021 and a 52 week low of Rs. 1154.85 on 21-Dec-2020.
Last one week high and low of the scrip stood at Rs. 1908.00 and Rs. 1771.20 respectively. The current market cap of the company is Rs. 257162.85 crore.
The Institutions and Non-Institutions holding in the company stood at 56.20% and 43.80% respectively.
Larsen & Toubro’s (L&T) wholly owned subsidiary -- Larsen & Toubro International FZE (ITIFZE), has entered into a Share Purchase Agreement (SPA) on December 20, 2021 to acquire, stake in Intelliflux Controls Inc., a Delaware Corporation. The main aim of acquisition is to improve analytics, design capabilities for WTP/ STP. Intelliflux Controls Inc, a Delaware Corporation, is an integrated water analytics platform that uses Al/ ML to optimize plant performance.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
