Larsen & Toubro to exit L&T IDPL business in Rs 27bn deal with Edelweiss platform
Larsen & Toubro (L&T) said that it has signed a deal to sell its entire stake of 51% in L&T Infrastructure Development Projects Limited (L&T IDPL) to a portfolio company of Infrastructure Yield Plus II, for a price of around INR 2,723 crores. The sale aligns with Larsen & Toubro’s strategy of lessening its exposure […]