With reference to the news item published/broadcasted in mainstream media on July 29, 2024, titled ‘L&T Realty, Valor Estate to co-develop Rs.20k Cr project in Mumbai's BKC’. Pursuant to Regulation 30(11) of the SEBI Listing Regulations, Larsen & Toubro has clarified that L&T Parel Project, a wholly owned subsidiary of the Company in real estate development business, in the ordinary course of its business has signed a Memorandum of Agreement with Valor Estate to develop real estate project in Mumbai. Definitive agreement will be signed subject to satisfactory completion of due diligence and fulfilment of conditions precedent. The company also confirmed that till date the Company has not issued any media release in this regard.
The above information is a part of company’s filings submitted to BSE.
