Larsen & Toubro (L&T) has received board’s approval for the transfer of its Realty Business Undertaking (Realty BU) to L&T Realty Properties (L&T Realty), a wholly owned subsidiary of the company, through a slump-sale via a scheme of arrangement, subject to requisite regulatory approvals.
This strategic move marks the beginning of a phased consolidation of all real estate assets and undertakings of L&T and vest them in L&T Realty, thus creating a unified, future-ready entity capable of capitalising on India’s real estate growth. The consolidation positions L&T Realty to lead this transformation with renewed scale, agility and financial strength.
Larsen & Toubro (L&T) is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
