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.
| 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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