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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 3945.00
Kalpataru Projects 1322.15
NCC 117.30
Rail Vikas Nigam 183.80
KEC International 316.40
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