Larsen & Toubro acquires additional 50% stake in L&T-Ramboll Consulting Engineers

L&T-Ramboll Consulting Engineers becomes wholly owned subsidiary

Larsen & Toubro announced that, in a strategic move to strengthen its design base in infrastructure space, has acquired 50% of the stake in L&T-Ramboll Consulting Engineers (LTR) hitherto held by Ramboll Denmark AS. With this acquisition, LTR now becomes a wholly owned subsidiary of L&T.

Post acquisition, the Company is proposed to be renamed 'L&T Infrastructure Engineering'.

Powered by Capital Market - Live News