MoneyWorks4Me

Larsen & Toubro informs about update on sale of equity stake

11 Apr 2024 Evaluate

Further to its intimation dated December 17, 2022, Larsen & Toubro has informed that the Company has completed the sale of its entire equity stake in L&T Infrastructure Development Projects (‘L&T IDPL’) to Epic Concesiones, on 10th April 2024, consequent to completion of customary conditions precedent agreed under the Share Purchase Agreement dated December 16, 2022 and as amended thereafter. Consequently, L&T IDPL and its subsidiaries (details given in Annexure A) have ceased to be subsidiaries of the Company.

The above information is a part of company’s filings submitted to BSE.

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..