1 month ago
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Larsen & Toubro connected Wednesday said it has executed a stock acquisition statement to dispose its full shareholding successful subsidiary L&T Metro Rail (Hyderabad) for ₹1,461.47 crore.
The stock acquisition statement has been signed with Hyderabad Metro Rail, which is simply a Telangana authorities enterprise. Upon closing of the transaction, L&T Metro Rail (Hyderabad) would cease to beryllium a subsidiary. The divestment is estimated to beryllium completed by June 30, 2026, Larsen & Toubro said successful a filing to the banal exchange.
