L&T’s infra arm to sell stake upto 20%: Report

18 Mar 2013

L&T Infrastructure Development Projects, the infrastructure arm of Larsen & Toubro (L&T), is reportedly planning to raise over 2,500 crore by selling 20% of its stake. In this regard, the company is in advanced talks with marquee investors, including Malaysian sovereign fund Khazanah.

The proposed transaction will value the infrastructure company at around Rs 12,500 crore, or just under $2 billion, making it one of the larger fund-raising exercises in recent times.

L&T Infrastructure Development Projects (L&T IDPL) is a major player in Public Private Partnership (PPP) projects in India with business interests across Roads & Bridges, Ports, Metro Rail, Wind Energy and emerging sectors such as development of Power Transmission Lines, Water & Railways.

Related Larsen & Toubro Ltd. Links:

Larsen & Toubro Share Price

990.55 40.90 (4.31%) Aug 13, 16:49
1 Year Price Chart
Company Name CMP
Larsen & Toubro 990.55
NCC 31.60
KEC International 305.05
Rail Vikas Nigam 19.95
Sterling and Wilson 256.25
View more..
Sensex vs Larsen & Toubro
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719