L&T issues shares upon FCCB conversion

Engineering major Larsen & Toubro Ltd has issued 10,086 equity shares to the bondholders upon conversion of Foreign Currency Convertible Bonds (FCCBs).

Engineering major Larsen & Toubro Ltd has issued 10,086 equity shares to the bondholders upon conversion of Foreign Currency Convertible Bonds (FCCBs).

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The company informed the Bombay Stock Exchange that it issued the shares on August 17 upon conversion of FCCBs worth 250,000 dollars.

The shares of the company were up 0.91 per cent, trading at Rs 2,392 on the BSE on Tuesday.