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Larsen & Toubro informs about update on sale

02 Jul 2021 Evaluate

Further to its intimation dated May 20, 2021, Larsen & Toubro has informed that the Company has consummated the transfer of its digital transformation business undertaking, incubated and conducted as L&T-NxT (NxT Digital Business) to Mindtree, a listed subsidiary company. The transfer is effective from July 1, 2021, consequent to completion of customary conditions precedent, agreed under the Business Transfer Agreement dated May 20, 2021, between the Company and Mindtree.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Larsen & Toubro 4118.90
Kalpataru Projects 1370.40
NCC 122.95
Rail Vikas Nigam 192.25
KEC International 333.10
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