L&T acquires balance 2.551% stake in subsidiary L&T Infrastructure Development Projects
Larsen & Toubro has executed share purchase agreement on 17 October 2019 to
purchase the entire stake held by Old Lane Mauritius III Ltd (Old Lane) in L&T
Infrastructure Development Projects (L&T IDPL), a subsidiary company. The company will acquire 81,90,000 shares or 2.551% stake in L&T IDPL for a cash consideration of Rs 47.99 crore.
Post the completion of this acquisition, L&T will hold 100% shareholding in L&T IDPL.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Oct 18 2019 | 11:44 AM IST