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L&T’s arm sells entire stake in Interise Investment Managers

28 Feb 2024 Evaluate

Larsen & Toubro’s (L&T) subsidiary -- L&T Infrastructure Development Projects (L&T IDPL) has completed the sale of its entire stake in Interise Investment Managers (formerly known as LTIDPL IndvIT Services) (‘IIML’), a wholly owned subsidiary of L&T IDPL on February 27, 2024, consequent to completion of customary conditions precedent, agreed under the Share Purchase Agreement dated November 3, 2023. Consequently, IIML has ceased to be a subsidiary of L&T IDPL and 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
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