L&T MD sells 2,400 company shares for Rs 40.38 lakh

MUMBAI: Larsen and Toubro Managing Director and CEO K Venkataramanan has sold another 2,400 shares of the infrastructure major for about Rs 40.38 lakh, days after offloading over 2,000 shares of the company.

The company in a BSE filing said that Venkataramanan sold 2,400 shares of the company on December 3 for about Rs 40.38 lakh, thereby reducing his stake by a notch to 5,78,419 shares of Rs 2 each or 0.094 per cent in L&T.

Before the share sale, he had 5,80,419 shares in L&T or 0.094 per cent stake.

On November 30, Venkataramanan had sold 2,000 shares for about Rs 33.48 lakh.

Shares of L&T closed today at Rs 1,647.70 apiece on the BSE, down 1.18 per cent from the previous close.