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Equity : Indian-commodity.com

Wednesday, November 14, 2007

Larsen & Toubro Allots Equity Shares

The committee of Larsen & Toubro has allotted 4,000,000 equity shares of nominal value of Rs 2 per share as underlying shares representing 4,000,000 GDs, each GDS representing 1 equity share, prices at US$ 100 per GDS and aggregating US$ 400 million.

Lehman Brothers International (Europe) and UBS acted as the joint global coordinators & joint bookrunners for the offering.

These shares were allotted at the committee meeting held on 13 November 2007.
Posted by Indian-commodity at 11:46 AM

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