According to an exchange filing, Larsen and Toubro has transferred its entire shareholding in L&T Infrastructure Development Projects Limited, to Infrastructure Yield Plus II, managed by Edelweiss Alternative Asset Advisors.
The stake in the joint venture between L&T and Canada Pension Plan, is being sold for more than Rs 2,723 crore. After completion of the deal, L&T IDPL won't be a subsidiary of L&T.
