L&T to divest stake in Metro Rail (Hyderabad) for ₹1,461.47 crore
Larsen & Toubro has signed a share purchase agreement to sell its entire stake in L&T Metro Rail (Hyderabad) for ₹1,461.47 crore to Hyderabad Metro Rail, a Telangana government enterprise. Following the transaction, the company will no longer be a subsidiary of L&T. The divestment is expected to be completed by June 30, 2026.
- ▪Larsen & Toubro is selling its full shareholding in L&T Metro Rail (Hyderabad) for ₹1,461.47 crore.
- ▪The buyer is Hyderabad Metro Rail, a Telangana government enterprise.
- ▪The transaction will result in L&T Metro Rail (Hyderabad) ceasing to be a subsidiary of L&T.
- ▪The divestment is expected to be finalized by June 30, 2026.
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Larsen & Toubro on Wednesday said it has executed a share purchase agreement to dispose its entire shareholding in subsidiary L&T Metro Rail (Hyderabad) for ₹1,461.47 crore.The share purchase agreement has been signed with Hyderabad Metro Rail, which is a Telangana government enterprise. Upon closing of the transaction, L&T Metro Rail (Hyderabad) would cease to be a subsidiary. The divestment is estimated to be completed by June 30, 2026, Larsen & Toubro said in a filing to the stock exchange.
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