L&T sells entire 89% stake in L&T Infocity

Larsen & Toubro (L&T) has sold its entire 89% stake in L&T Infocity (LTIL) to Hyderabad-based Ace Urban Developers for Rs 191 crore.

L&T Infocity is a special purpose vehicle (SPV) formed by the infrastructure major in partnership with Andhra Pradesh Infrastructure Investment Corporation (APIIC) to develop IT infrastructure in Andhra Pradesh.