Larsen & Toubro Ltd.

BSE: 500510 | NSE: LT

Large Cap | Engineering - Construction

3927.85

-18.70 (-0.47%)

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

Date: 01-04-2016

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.