L&T gains as its arm incorporates wholly owned subsidiary in Uzbekistan
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Larsen & Toubro is currently trading at Rs. 3675.00, up by 25.90 points or 0.71% from its previous closing of Rs. 3649.10 on the BSE.
The scrip opened at Rs. 3660.50 and has touched a high and low of Rs. 3677.60 and Rs. 3650.00 respectively. So far 9568 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3948.60 on 03-Jun-2024 and a 52 week low of Rs. 2446.15 on 13-Jul-2023.
Last one week high and low of the scrip stood at Rs. 3693.25 and Rs. 3570.70 respectively. The current market cap of the company is Rs. 505077.95 crore.
The Institutions holding in the company stood at 62.67%, while Non-Institutions held 37.33% in the company.
Larsen & Toubro’s (L&T) step-down wholly owned subsidiary -- Larsen & Toubro International FZE has incorporated a company in Uzbekistan -- Larsen & Toubro CIS Foreign Enterprise Limited Liability Company (L&T CIS), as a wholly owned subsidiary on July 10, 2024.
L&T CIS is formed for the purpose of business of Engineering Procurement & Construction (EPC) including all kind of engineering, supply, civil, installation, testing & commissioning works. L&T CIS is a newly formed subsidiary company and no investment has been made as on date.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
