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L&T’s arm transfers stake in five subsidiary companies to Indinfravit Trust

05 May 2018 Evaluate

Larsen & Toubro’s (L&T) subsidiary company - L&T Infrastructure Development Projects (L&TIDPL) has transferred its stake in five subsidiary companies to Indinfravit Trust through the infrastructure investment trust (InvIT) route on May 4, 2018. The consideration for the portfolio of five entities is around Rs 909.08 crore.

The five subsidiary companies are Krishnagiri Thopur Toll Road (KTTL), L&T BPP Tollway (LTBPP), Devihalli Hassan Tollway (DHTL), Krishnagiri Walajahphet Tollway (KWTL) and Western Andhra Tollways (WATL). Accordingly, these companies cease to be subsidiary companies of the company.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $17 billion in revenue.


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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