Larsen & Toubro Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
LTTS · price
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On the reaction day the stock moved 3.5 pts less than Nifty Midcap 150 and 4.4 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Larsen & Toubro Limited (L&T), the promoter of L&T Technology Services, has submitted a disclosure to the stock exchange under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. This regulation requires promoters and persons holding more than 5% to disclose changes in their shareholding or voting rights in the company. The announcement does not specify the direction (increase or decrease) or exact quantum of change, as it only refers to the submission of the disclosure document. The detailed disclosure itself would contain the specifics of the change.
Routine regulatory compliance filing by the promoter. No immediate material impact on shareholders or stock price unless the underlying disclosure reveals a significant change in L&T's stake in LTTS.