Larsen & Toubro’s (L&T) wholly-owned subsidiary -- L&T Power Development (LTPDL) has executed a securities purchase agreement to sell its 100% of equity and convertible instruments in Nabha Power (NPL) to Torrent Power, a leading name in the Indian power sector. NPL is a wholly-owned subsidiary of LTPDL
Given NPL’s long-term power purchase agreement and stable operating performance, the divestment is a value-driven monetisation exercise. The transaction is aligned with L&T’s broader strategy to exit the development projects business.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
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