Larsen & Toubro Ltd.

BSE: 500510 | NSE: LT
Large Cap | Engineering - Construction
3745.05
-49.25 (-1.30%)
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Larsen & Toubro informs about merger of wholly owned subsidiaries

Date: 20-07-2023

Larsen & Toubro has informed that the Board of Directors of L&T Innovation Campus (Chennai) (LTICCL) at its meeting held on July 19, 2023, has approved a Scheme of Arrangement for merger of LTICCL with L&T Seawoods (LTSL). LTICCL and LTSL are wholly owned subsidiaries of the Company. The said Scheme is subject to necessary statutory and regulatory approvals including the approvals of the National Company Law Tribunal/other regulatory authority and the respective Shareholders and Lenders/Creditors of each of the companies involved in the Scheme. LTICCL shall ceased to be a subsidiary of the Company post receipt of approval necessary approvals and with effect from the effective date of the Scheme. it has enclosed as Annexure A is the information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023

The above information is a part of company’s filings submitted to BSE.