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L&T executes SPA to acquire stake held by JV Partner in L&T Sapura Shipping

12 Jan 2026 Evaluate

Larsen & Toubro (L&T) has executed a Share Purchase Agreement (SPA) for acquisition of shareholding of Sapura Nautical Power (Sapura), JV Partner, in L&T Sapura Shipping (LTSSPL), a subsidiary of the Company. LTSSPL is a 60:40 joint venture of the company with Sapura Nautical Power (Sapura) holding 40% stake in LTSSPL. Post completion of the acquisition, LTSSPL will be a wholly owned subsidiary of the company.

The acquisition further strengthens the company’s operational flexibility and asset availability for execution of offshore projects, particularly in India and the Middle East. LTSSPL operates in the offshore marine construction segment, which is complementary to L&T’s core engineering and construction businesses.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.


Larsen & Toubro Share Price

4056.15 -44.05 (-1.07%)
05-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4056.15
Rail Vikas Nigam 300.40
NCC 167.30
KEC International 570.00
Kalpataru Projects 1261.65
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