L&T Fixes $ 100 Per Share For Its $ 400 Million GDS Issue

Sukant Sharma 8 November 2007

Larsen & Toubro Ltd (L&T) announced on Wednesday that it had priced its USD 400 million Global Depositary Shares (GDS) issue at USD 100 per share.

The shares are proposed to be listed on the Luxembourg stock exchange. The Lehman Brothers International (Europe) and UBS were the joint book-runners to the offering, L&T said in a statement

Each GDS represents one equity share of the company and is priced at a 5 % premium to L&T's closing price of USD 105 (Rs. 4,125.7) on Tuesday on the Mumbai Exchange, The Company stated.

The company stock was closed today, at Rs. 4111.95 on NSE, down by 0.27 % from the previous close of Rs. 4123.10. It touched an intraday high of Rs. 4298.65 and an intraday low of Rs 4061.00 during the day

Mundra IPO Subscribed 115 Times, DP-World Will Invest $ 500 M

Shalini Kakkad 8 November 2007

The Initial Public Offering (IPO) of the part of Adani Group, Mundra Port & Special Economic Zone Ltd. received 115 times subscription on closing day till 5:00 pm.

Thinkstation: Lenovo’s New Indentity

Darpana Kutty 8 November 2007

Lenovo_ThinkStationLenovo has entered the business workstation market with the l

Decision Over Fuel Prices By Next Week

Rajvir Khanna 8 November 2007

Indian_Oil_Minister_Murli_DeoraIndian Oil Minister Murl

Drug reduces aggressiveness in violent rats

Mohit Joshi 7 November 2007

London, November 7: Researchers at the University of Groningen in the Netherlands have successfully tested a drug to reduce aggressiveness in feral rats, which had been trained to be violent.

Copper in body may contribute to Alzheimer’s development

Mohit Joshi 7 November 2007

Pages

News in Focus

City Union Bank Share Price Target at Rs 360: Axis Securities
City Union Bank Share Price Target at Rs 360: Axis Securities
Featured, Analyst View, Stock Markets, Banking Sector, Axis Securities, City Union Bank, India

City Union Bank delivered a mixed but strategically strong Q3FY26 performance, marked by robust loan growth, resilient margins, and steadily improving asset quality.

IDFC First Bank Share Price Target at Rs 100: ICICI Securities
IDFC First Bank Share Price Target at Rs 100: ICICI Securities
Featured, India Business, Analyst View, Stock Markets, Banking Sector, ICICI Direct, IDFC First Bank, India

IDFC First Bank is entering a decisive phase of operational maturity as margin expansion, disciplined balance-sheet growth, and easing asset-quality pressures converge.

Greenlam Industries Share Price Target at Rs 310: ICICI Direct Research
Greenlam Industries Share Price Target at Rs 310: ICICI Direct Research
Featured, India Business, Analyst View, Greenlam Industries, ICICI Direct, India

Greenlam Industries is entering a critical inflection phase after a seasonally weak third quarter, with management signaling a sharp rebound in volumes, operating leverage, and profitability from Q

Kajaria Ceramics Share Price Target at Rs 1,158: IDBI Capital Remains Bullish After Quarterly Results
Kajaria Ceramics Share Price Target at Rs 1,158: IDBI Capital Remains Bullish After Quarterly Results
Featured, India Business, Company Results, Analyst View, IDBI Capital, India, Kajaria Cermaics

Kajaria Ceramics’ Q3FY26 performance reflected a market grappling with weak construction demand, inventory de-stocking, and muted tile volumes, yet profitability resilience stood out.

LTIMindtree Share Price Target at Rs 7,400: ICICI Direct Remains Bullish as AI-Led Strategy Improves Outlook
LTIMindtree Share Price Target at Rs 7,400: ICICI Direct Remains Bullish as AI-Led Strategy Improves Outlook
Featured, India Business, Analyst View, ICICI Securities, India, LTIMindtree, Technology Sector

ICICI Direct has reiterated a BUY recommendation on LTIMindtree Ltd, citing resilient revenue momentum, expanding AI-led deal wins, and a strategic reset that positions the company for higher-quali

Bank of Baroda Share Price Target at Rs 340: ICICI Direct
Bank of Baroda Share Price Target at Rs 340: ICICI Direct
Featured, Analyst View, Stock Markets, Banking Sector, Bank of Baroda, ICICI Direct, India

Bank of Baroda delivered a mixed but fundamentally resilient Q3FY26 performance, balancing margin compression with improving asset quality and sharply lower credit costs.