Updated on Friday, November 06, 2009, 21:57 IST Tags:HSBC, stake, L&T

Mumbai: Foreign fund HSBC Global Investment Funds, Mauritius has acquired 0.68 per cent stake in engineering major, Larsen and Toubro, after buying shares worth Rs 628.72 crore, through an open market transaction.

Fund house has bought 40.13 lakh shares of Larsen and Toubro (L&T) at Rs 1,566.5 per share, representing 0.68 per cent stake, for Rs 628.72 crore, according to the bulk trade deal available on the Bombay Stock Exchange.

In a separate bulk deal on the BSE, another foreign fund house Citigroup Global Markets Mauritius has sold 42.10 lakh shares, representing 0.71 per cent stake in L&T at Rs 1,566.5 a piece, aggregating to Rs 659.49 crore.

Shares of Larsen and Toubro today closed at Rs 1,575.70 on the BSE, up 2.17 per cent from its previous close.

Bureau Report