• OPEN AN ACCOUNT
Indian Indices
Nifty
22,648.20 43.35
(0.19%)
Sensex
73,878.15 -732.96
( -0.98%)
Bank Nifty
49,231.05 -165.70
( -0.34%)
Nifty IT
33,203.35 2.40
( 0.01%)
Global Indices
Nasdaq
15,840.96 235.48
(1.51%)
Dow Jones
38,225.66 322.37
(0.85%)
Hang Seng
18,475.92 268.79
(1.48%)
Nikkei 225
38,236.07 -37.98
(-0.10%)
Forex
USD-INR
83.46 0.03
(0.03%)
EUR-INR
89.11 -0.30
(-0.33%)
GBP-INR
104.27 -0.36
(-0.34%)
JPY-INR
0.53 0.00
(-0.39%)

EQUITY - MARKET SCREENER

Industry :  
BSE Code
ISIN Demat
Book Value()
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
EPS(TTM)
Face Value()
Div & Yield %
 

Larsen & Toubro Ltd
Larsen & Toubro completes divestment of its stake in L&T Infrastructure Development Projects
Apr 11,2024

Larsen & Toubro (L&T) has announced the completion of divestment of L&T Infrastructure Development Projects (LTIDPL), a joint venture between Larsen & Toubro and Canada Pension Plan Investment Board (CPP Investments) holding 51% and 49% shares respectively.

LTIDPL has been a pioneer in PublicPrivate-Partnership (PPP) model of Infrastructure development in India. Both L&T (51%) and CPP Investments (49%) stakes have been acquired by Epic Concesiones, an investee company of Edelweiss Infrastructure Yield Plus Strategy, managed by Edelweiss Alternative Asset Advisors (EAAA).

This deal is in line with L&T's strategy to exit non-core businesses for reducing its exposure to the asset heavy developmental projects portfolio thereby enhancing its Return on Equity.