L&T prices its $400 million GDS issue at $100 a share
17 Nov 2007
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Mumbai: Engineering and construction major Larsen & Toubro Ltd (L&T) has priced its $400 million Global Depositary Shares issue at $100 per share.
Each GDS, representing one equity share of the company, is priced at a five per cent premium to L&T''s closing price of Rs4,125.7 ($105) on the Bombay Stock exchange today.
The shares are proposed to be listed on the Luxembourg stock exchange, L&T said in a statement.
Lehman Brothers International (Europe) and UBS are the joint bookrunners to the offering.
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