L&T shares rise 3% after board approves Rs 12,000 crore debt-based fundraising plan
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L&T shares jumped 3% to Rs 3,515.9 in Monday's intraday trade on BSE after the company's board approved a fundraising plan of up to Rs 12,000 crore through various debt-based instruments. The board approved long-term borrowings via external commercial borrowings, term loans, non-convertible debentures, or other suitable instruments. In another development, L&T appointed Subramanian Sarma, Whole-Time Director and President (Energy), as Deputy Managing Director and President, effective April 2, until February 2028. Additionally, L&T’s Buildings & Factories (B&F) vertical secured an order worth between Rs 2,500 crore and Rs 5,000 crore from Brigade Group for residential and commercial projects in Hyderabad and Chennai. Also Read: Sensex climbs over 600 points as FIIs return to D-Street; Nifty reclaims 23,500 level Live Events L&T Shares Target Price According to Trendlyne data, the average target price of the ...