Larsen & Toubro sells stake in infra development arm for Rs 2,723 cr

Larsen & Toubro sells stake in infra development arm for Rs 2,723 cr

After completion of the deal, L&T IDPL won't be a subsidiary of L&T.

FPJ Web DeskUpdated: Saturday, December 17, 2022, 01:21 PM IST
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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.

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