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L&T amends Investment Agreement with Canadian Pension Plan Investment Board

Capital Market 

With reference to CPPIB's investment in CCPS of L&T Infrastructure Development Projects

Larsen & Toubro has entered into an amendment agreement with Canadian Pension Plan Investment Board (CPPIB) with respect to the original Investment Agreement entered into with them in 2014 under which CPPIB had invested in Compulsorily Convertible Preference Shares(CCPS) issued by L&T Infrastructure Development Projects (L&T IDPL), a wholly owned subsidiary. As per the amendment agreement, the CCPS held by CPPIB will, upon conversion, give them 48.99% equity stake in L&T IDPL.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 09 2019. 14:25 IST
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