L&T Picks Up 26 Per Cent In Feedback

Mumbai: Larsen & Tourbo (L&T) has bought a 26 per cent equity in New Delhi-based consulting and engineering firm Feedback Ventures for Rs 40 crore. L&T will have two nominees on the board of Feedback. The promoter group of Chairman Vinayak Chatterjee and Vice-Chairman R S Ramasubramaniam has increased its shareholding to 46 per cent by buying out two exiting shareholders. Other shareholders include HDFC (12 per cent) and IDFC (16 per cent).