Larsen & Toubro Ltd.

BSE: 500510 | NSE: LT
Large Cap | Engineering - Construction
3783.90
-65.00 (-1.69%)
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L&T’s arm transfers stake in five subsidiary companies to Indinfravit Trust

Date: 05-05-2018

Larsen & Toubro’s (L&T) subsidiary company - L&T Infrastructure Development Projects (L&TIDPL) has transferred its stake in five subsidiary companies to Indinfravit Trust through the infrastructure investment trust (InvIT) route on May 4, 2018. The consideration for the portfolio of five entities is around Rs 909.08 crore.

The five subsidiary companies are Krishnagiri Thopur Toll Road (KTTL), L&T BPP Tollway (LTBPP), Devihalli Hassan Tollway (DHTL), Krishnagiri Walajahphet Tollway (KWTL) and Western Andhra Tollways (WATL). Accordingly, these companies cease to be subsidiary companies of the company.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $17 billion in revenue.