Larsen & Toubro: Subsidiaries AR2012 - takeaways from 2.5 K pages of fine
` Subs EPS may remain flat in FY2012-14E; finance/IT offset by likely losses in
infra, forgings, shipbuilding
` Highlight some key developments in certain subsidiaries
` Seeks approval to raise up to Rs32 bn of equity; potentially for extra
cushion on balance sheet
` Marginally revised estimates; retain REDUCE with an unchanged target
price of Rs1,450/share
link
http://www.kotaksecurities.com/pdf/indiadaily/indiadaily24082012yu.pdf
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