ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Larsen and Toubro

LARSEN AND TOUBRO proposes to issue 6,00,000 secured convertible de-bentures of Rs 100 each, and to offer them to its equity shareholders on 'rights' basis. One debenture will be offered for every 40 equity shares held. Also, one debenture will be offered to each of the shareholders holding less than 40 equity shares. The proceeds of the issue will go to finance part of the cost of the cement project being set up in Chandrapur district of Maharashtra with a capa-city of 3,200 tonnes per day.

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