Larsen & Toubro Ltd.

Larsen & Toubro (L&T) is evaluating alternatives for monetization of certain assets of its subsidiary company, L&T Infrastructure Development Projects (L&T IDPL), including a potential initial public offering and listing in Singapore of selected road assets of L&T IDPL, through a business trust in Singapore.

The proposed transactions are subject to various factors including approvals and market conditions and may or may not be completed.

Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector. More than seven decades of a strong, customer-focused approach and the continuous quest for world-class quality have enabled it to attain and sustain leadership in all its major lines of business.