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L&T prices GDS offering at $100

Mumbai, Nov. 7

Larsen & Toubro Ltd has priced its $400-million Global Depository Shares (GDS) offering, represented by Global Depository Receipts, at $100 per GDS. Each GDS represents one equity share of the company of Rs 2 each. The issue was priced after market hours on November 6, L&T said.

The GDS are to be listed on the Luxembourg Stock Exchange. Lehman Brothers International (Europe) and UBS Ltd would act as the joint global co-ordinators and joint bookrunners for the offering, it told BSE on Thursday.- Our Bureau

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