Larsen & Toubro board to mull fund raising on 24 Mar

22 Mar 2022 , 09:19 AM

In an exchange filing, L&T said, ?a meeting of the board of directors of the company is scheduled to be held on Thursday, 24 March 2022, to seek approval for raising funds including through issue of debt securities as part of companys refinancing program.?

L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide. The EPC majors consolidated net profit fell 16.70% to Rs 2,054.74 crore on 11.14% increase in net sales to Rs 39,562.92 crore in Q3 FY22 over Q3 FY21.

Shares of L&T were trading 0.02% lower at Rs 1,756 on BSE in early trade.

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