SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

L&T to divest 97% stake in Marine Infrastructure Developers

28 Jun 2018 Evaluate

Larsen and Toubro (L&T) has entered into a Share Purchase Agreement (SPA) on June 27, 2018 between Marine Infrastructure Developers, L&T Shipbuilding and Adani Kattupalli Port and Adani Ports and Special Economic Zone for the divestment of its 97% stake in Marine Infrastructure Developers to Adani Ports and Special Economic Zone, for an enterprise value of Rs 1950 crore. Of which Rs 388 crore is the consideration for sale of shares and remainder Rs 1562 crore is towards settlement of liabilities of Marine Infrastructure Developers.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.


Larsen & Toubro Share Price

3973.60 -48.90 (-1.22%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3973.60
Rail Vikas Nigam 305.00
NCC 169.85
KEC International 598.10
Kalpataru Projects 1274.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×