Written by KP Construction

Larsen & Toubro Ltd buys 1.20 crores units from National Highway Infra Trust

Engineering and construction company Larsen & Toubro Ltd purchased 1.20 crore National Highways Infra Trust units on Wednesday for Rs 149.65 crore in an open market deal. The National Highways Authority of India (NHAI) is the sponsor of the National Highways Infra Trust, an infrastructure investment trust (InvIT).Larsen & Toubro acquired 1.20 crore units, or 11.02 percent of the National Highways Infra Trust, according to bulk deal data that is accessible with the National Stock Exchange (NSE).The deal value is Rs 149.65 crore when the units were purchased at an average cost of Rs 124.71 each.

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