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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Larsen & Toubro Limited (L&T), the promoter of L&T Technology Services Limited, has submitted a disclosure confirming that they have not created any encumbrance (pledge) on their shareholding. L&T holds 7,79,86,899 equity shares representing 73.57% of L&T Technology Services. This declaration is a regulatory requirement under SEBI regulations and provides transparency on promoter share pledging. The disclosure was submitted to BSE Limited and has been communicated to the Audit Committee of L&T Technology Services for their next meeting.
Positive signal for investors as the majority shareholder holding 73.57% stake has not pledged their shares, reducing the risk of potential selling pressure from encumbrance invocation. This indicates promoter confidence and financial stability in the holding.