|Chennai||Rs. 25020.00 (0.81%)|
|Mumbai||Rs. 25890.00 (0.98%)|
|Delhi||Rs. 25200.00 (-0.2%)|
|Kolkata||Rs. 25480.00 (1.03%)|
|Kerala||Rs. 24800.00 (0.61%)|
|Bangalore||Rs. 25000.00 (0.81%)|
|Hyderabad||Rs. 25080.00 (1.09%)|
Shares in India's Larsen & Toubro Ltd is up marginally, outperforming falls in the broader index, after The Economic Times reports its infrastructure unit is looking to raise 25 billion rupees ($462.6 million) by selling up to a 20 percent stake to investors.
The report, citing three people familiar with the negotiations, says L&T Infrastructure Development Projects is already in talks with potential buyers.
An L&T spokesman declines to comment.
"We view this news as a material positive for L&T, given that L&T IDPL has been a major overhang on the stock on back of huge investment commitments and limited cash inflow," brokerage Edelweiss said in a note seen by Reuters.