L&T gets shareholders' nod to raise ₹9.6k crore
Multinational conglomerate Larsen & Toubro (L&T) on Friday said that it has received its shareholders’ nod to raise up to ₹9,600 crore. Of this, an amount of up to ₹3,600 crore or $600 million, whichever is higher, will be issued via convertible bonds and/or equity shares through depository receipts. Further, the remaining ₹6,000 crore would be raised from non-convertible bonds.