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

The 30-share benchmark, BSE Sensex, today, has followed up the rising trend on th

Mumbai: The Indian currency has fallen from near decad

New Delhi: Yesterday was the most honored day of Mukesh Ambani’s life, which made him the richest person in the world, surpassing American software giant Mr. Bill Gates, Mexican business tycoon Mr. Carlos Slim Helu and famous investment guru Mr. Warren Buffett.
The overall appreciation goes to the optimistic behavior of the Indian stock market that surpassed 20,000 mark, and touched a new record high of 20,024.87.
Accompanying a strong share price rally on Monday in his three major companies including Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd, his net worth ascended to $63.2 billion.

Mumbai, Oct 29: The Bombay Stock Exchange's benchmark 30-share Sensex after breaching the 20,000-point mark on Monday for the first time, closed at 19,977, up 734 points from the previous close.