MoneyWorks4Me

Larsen & Toubro sells stake in L&T Infrastructure Engineering

04 Jan 2024 Evaluate

Larsen & Toubro (L&T) has completed the sale of its entire stake in L&T Infrastructure Engineering to STUP Consultants consequent to completion of customary conditions precedent, agreed under the Share Purchase Agreement dated November 2, 2023. Consequently, L&T Infrastructure Engineering has ceased to be a subsidiary of the Company.

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

Peers
Company Name CMP
Larsen & Toubro 3699.10
Kalpataru Projects 1393.45
NCC 125.10
Rail Vikas Nigam 190.50
KEC International 369.70
View more..