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L&T’s arm to purchase stake in OPRO.AI INC

09 Dec 2022 Evaluate

Larsen & Toubro’s (L&T) wholly owned subsidiary -- Larsen & Toubro International FZE (LTIFZE) has entered into a Share Purchase Agreement on December 8, 2022, to purchase stake in OPRO.AI INC., a Delaware Corporation with the objective of realizing business synergies with relevant businesses of L&T Group. The cost of acquisition is $1 million.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

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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