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MoneyWorks4Me

Larsen & Toubro (L&T) has sold its entire 89% stake in L&T Infocity (LTIL) to Hyderabad-based Ace Urban Developers for Rs 191 crore.

L&T Infocity is a special purpose vehicle (SPV) formed by the infrastructure major in partnership with Andhra Pradesh Infrastructure Investment Corporation (APIIC) to develop IT infrastructure in Andhra Pradesh.

Peers
Company Name CMP
Larsen & Toubro 3858.00
Kalpataru Projects 1335.50
NCC 114.55
Rail Vikas Nigam 179.80
KEC International 329.65
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