Larsen & Toubro Ltd.

Larsen & Tourbo’s (L&T) wholly-owned subsidiary - L&T Realty has executed a share purchase agreement (SPA) for selling its entire stake in L&T South City Projects to Pragnya group for Rs 190 crore. L&T Realty owns 51 percent stake in L&T South City Projects, which is engaged in the development of a 92-acre residential township at Siruseri, Chennai.

Pragnya group is an investment firm with a specific focus on fund management, property development and asset management.

Larsen & Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.