L&T chairman, CEO offload stake in company

Tags: L&T, Companies
Two top officials of Larsen and Toubro (L&T) Executive Chairman A M Naik and CEO K Venkataramanan sold part of their stakes in the company last week.

In separate filings to the BSE, L&T said that Naik has sold 1.25 lakh shares for Rs 15.70 crore, while Venkataramanan sold 10,000 shares for Rs 1.26 crore.

Both transactions took place on March 14 and the company was informed the same day, the filing showed.

After the sale, Naik holds 23,17,455 shares of L&T of Rs 2 each, amounting to 0.25 per cent stake in the company.

Similarly, Venkataramanan now holds 8,42,873 shares of L&T, amounting to 0.091 per cent stake.

On March 10 and 11, Naik had sold 25,045 shares of L&T for Rs 3.12 crore in two tranches.

Shares of the company were trading at Rs 1240.10 apiece on the BSE at 1350 hours, down 1.23 per cent from the previous close.


  • The govt should build on the feel good season to bolster its economic agenda

    There are two pieces of good news to ring in the festive season beginning this Dusshera.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Sachin Shridhar

Reordering the world order on cheap money

When you produce something, just about anything, capital is ...

Rajgopal Nidamboor

Of archetypes, not stereotypes

It is not that devising technologies, or progress, is a ...

Dharmendra Khandal

Use technology wisely to save earth's treasures

Wildlife biologists are certainly getting inspired by our armed forces’ ...


William D. Green

Chairman & CEO, Accenture