L&T Block Deal SUUTI Sells 2.5% Stake For Rs 4,000 Crore

The infrastructure giant Larsen and Toubro Limited surged almost 2% after 2.27 crore shares of the company exchanged hands in multiple block deals, during the Wednesday's morning session.

Government's Specified Undertaking of the Unit Trust of India (SUUTI) has sold nearly 2.5% stake in the company for Rs 4,000 crore through the block deals. SUUTI held 6.68% stake in L&T as of March 31, 2017, reported a leading news agency.

Meanwhile, L&T was trading by 0.9% at Rs 1767.45 per share at 1017 hours IST on BSE. It hit a high of Rs 1781.40 and a low of Rs 1755.75 so far in the morning session.

Larsen & Toubro Limited is a technology, engineering, construction, manufacturing and financial services company.

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