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L&T gets shareholder approval for fundraising

Aug 02, 2019 14:28 IST

Engineering major Larsen & Toubro has said it has got shareholders' approval to raise up to Rs 4,000 crore or $600 million, by the issuance of different modes of securities. The proposal for fundraising was approved by the requisite majority of shareholders and L&T will look at raising raise funds through convertible bonds, depository receipts or a QIP.

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