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L&T’s arm to divest entire shareholding in Interise Investment Managers

04 Nov 2023 Evaluate

Larsen & Toubro’s (L&T) subsidiary -- L&T Infrastructure Development Projects (L&T IDPL) has entered into a Share Purchase agreement on November 03, 2023 for sale of its entire shareholding in Interise Investment Managers (formerly known as LTIDPL IndvIT Services) (IIML), a wholly owned subsidiary of L&T IDPL. Accordingly, IIML will cease to be a subsidiary of L&T IDPL and the Company, on completion of sale/disposal. The expected date of completion of sale/disposal is on or before December 31, 2023, subject to satisfaction of conditions precedent identified under the Agreement.

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

Larsen & Toubro Share Price

3959.90 62.70 (1.61%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3959.90
Rail Vikas Nigam 275.10
NCC 153.05
KEC International 573.95
Kalpataru Projects 1181.65
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