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Larsen & Toubro’s (L&T) subsidiary - L&T Infrastructure Development Projects (L&T IDPL) has submitted an application to the Foreign Investment Promotion Board (FIPB) seeking approval in relation to the proposed Foreign Direct Investment (FDI) in L&T IDPL.

The company is engaged in discussions with a large global institutional investor for a proposed acquisition of a stake in L&TIDPL. Subject to completion of due diligence processes and necessary agreement on governance and other terms of the transaction with the investors, there is a contemplation of an initial infusion of Rs 1,000 crore into L&TIDPL, followed by a second tranche of Rs 1,000 crore (or such other higher amount as may be agreed between the company and the investor) after twelve months from the date of the initial investment, subject to further regulatory approvals at such time where required.

The proposed transactions are subject to various factors including necessary regulatory and authority approvals, and market conditions, and may or may not be completed, and parties have not yet entered into any agreements.

Larsen & Toubro Share Price

4094.95 -22.40 (-0.54%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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