MoneyWorks4Me

Larsen & Toubro (L&T) has agreed to purchase the entire stake held by Old Lane Mauritius III (Old Lane) in L&T Infrastructure Development Projects (L&T IDPL), a subsidiary company, on October 17, 2019. The cost of acquisition is Rs 47.997 crore.

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

Peers
Company Name CMP
Larsen & Toubro 3699.10
Kalpataru Projects 1393.45
NCC 125.10
Rail Vikas Nigam 190.50
KEC International 369.70
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