Larsen & Toubro (L&T), an engineering and construction conglomerate, witnessed a rise in share price on Thursday after Canada Pension Plan Investment Board (CPPIB), through a subsidiary has made an initial investment of Rs 10 billion in L&T's subsidiary- L&T Infrastructure Development Projects (L&T IDPL) by way of subscription to compulsorily convertible preference shares.

Shares of Larsen & Toubro are trading at Rs 1,491.50, up Rs 21.2, or 1.44% at the Bombay Stock Exchange (BSE) on Thursday at 9:47 a.m.

The scrip has touched an intra-day high of Rs 1,504.75 and low of Rs 1,485. The total volume of shares traded at the BSE is 40,686.