by banks. The NFO opened for subscription on Monday and closes on December 24. The scheme will invest 80-100% of assets in debt and money market instruments issued by banks, while up to 20% of the assets will be invested in securities issued by Public Financial Institutions, T-bills, CBLO, G-sec, units of debt and liquid mutual fund schemes.
L&T MD offloads 2,000 co shares for R33.48 lakh
Larsen and Toubro’s managing director & CEO K Venkataramanan has sold 2,000 shares of the infrastructure major for about R33.48 lakh. The company, in a BSE filing, said Venkataramanan sold 2,000 shares of the company on November 30 for about R33.48 lakh, thereby reducing his stake by a notch to 0.094% or 5,80,419 shares of R2 each. Before the share sale, he held 5,82,419 shares in L&T or a 0.095% stake.