Reuters Market Eye - Shares in Larsen and Toubro gain 1.4 percent after the company said on Friday it is evaluating options "for monetisation" of assets belonging to unit L&T Infrastructure Development Projects Ltd (IDPL).
Options include an IPO or the listing in Singapore of selected road assets of L&T IDPL through a business trust, the company added in the statement to exchanges.
Motilal Oswal in April 2013 valued IDPL at 141 rupees per share on the basis of L&T's equity base, saying the company is on top of National Highway Authority of India's pre-qualification list for 50 billion rupees projects.
(Reporting by Abhishek Vishnoi)
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