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Date:08/11/2007
URL: http://www.thehindubusinessline.com/2007/11/08/stories/2007110852150300.htm
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L&T prices GDS offering at $100
Mumbai, Nov. 7
Larsen & Toubro Ltd has priced its $400-million
Global Depository Shares (GDS) offering,
represented by Global
Depository Receipts, at
$100 per GDS. Each GDS
represents one equity
share of the company of
Rs 2 each. The issue was
priced after market hours
on November 6, L&T
said.
The GDS are to be
listed on the
Luxembourg Stock
Exchange. Lehman Brothers International (Europe) and
UBS Ltd would act as the joint global co-ordinators and
joint bookrunners for the offering, it told BSE on
Thursday.- Our Bureau
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