The government on Wednesday sold its 2.5 per cent stake in Larsen & Toubro to state-run entities, including SBI and LIC, for about Rs 4,200 crore. According to block deals available on stock exchanges, the transaction was done through the Specified Undertaking of the Unit Trust of India. The government held 6.55 per cent stake in engineering firm L&T and the shareholding after the sale has come down to a little over 4 per cent.State Bank of India and Life Insurance Corporation, New India Assurance and General Insurance Corporation bought over 2.37 crore shares in L&T at an average price of 1,764.2 rupees apiece, fetching about 4,200 crore rupees to the exchequer.With this transaction, the government has garnered nearly Rs 6,400 crore from disinvestment so far in the current fiscal. The Budget had estimated to collect Rs 72,500 crore through minority sale and strategic stake sale of CPSEs