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L&T’s arm transfers its stake in L&T South City Projects for Rs 188.60 crore

21 Mar 2017 Evaluate

Larsen & Tourbo’s (L&T) wholly-owned subsidiary - L&T Realty has transferred 2,88,02,880 equity shares in L&T South City Projects to Pragnya South Opportunity Fund & Pragnya Fund II upon receipt of consideration of Rs 188.60 crore on March 20, 2017. L&T Realty had earlier executed a share purchase agreement (SPA) for selling its entire stake in L&T South City Projects to Pragnya group.

Pragnya group is an investment firm with a specific focus on fund management, property development and asset management.

Larsen & Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.



Larsen & Toubro Share Price

4075.85 121.95 (3.08%)
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Company Name CMP
Larsen & Toubro 4075.85
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