E2E shares surge 5% to hit all-time high as L&T buys 21% stake
As per the deal, the acquisition will be carried out through a preferential issue of shares, encompassing both primary and secondary transactions.
As per the deal, the acquisition will be carried out through a preferential issue of shares, encompassing both primary and secondary transactions.
How S.N. Subrahmanyan is quietly preparing the engineering-to-tech conglomerate to emulate Siemens’ transformation.
How India’s largest engineering company is shedding the baggage of construction to reinvent as a tech-enabled firm.
The engineering major looks to raise up to ₹7,500 crore through external commercial borrowings, term loans, NCDs, or any other instrument.
The project's scope encompasses engineering, procurement, construction, and commissioning of offsite tankages, bullets, and associated facilities on a lump-sum turnkey basis.
L&T shares touched its 52-week high of ₹3,738.90 on January 30, rebounding 80% from its 52-week low of ₹2,073.85 touched on January 31 last year.
Since Nov 2020, when L&T bagged the ‘Shri Ram Janmabhoomi Temple’ project, the stock has risen 233%, from ₹1,080 levels to ₹3,605 on January 15, 2024.
L&T shares touch a fresh all-time high of ₹3,548 on the BSE today on the back of sustained rally; zoom nearly 48% so far this month
S.N. Subrahmanyan is increasing the share of services — financial & IT — in order to increase the margins of the conglomerate.
A.M. Naik has built L&T to its impressive size, the behemoth of today, added new lines of businesses, and unlocked huge value for shareholders.