Larsen & Toubro (L&T) is all set to divest its 100% stake in L&T Infrastructure Engineering (LTIEL), a provider of standalone engineering consultancy services for the infrastructure sector in India. The stake has been acquired by STUP Consultants, a subsidiary of Assystem SA of France. This transaction aligns with Larsen & Toubro’s commitment to focus on its core businesses and assets. The transaction is currently pending completion of customary closing conditions and is expected to be concluded before January 15, 2024.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
