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The NCLT Mumbai Bench admitted a joint petition for a Scheme of Arrangement between Larsen & Toubro and L&T Realty Properties. A hearing is scheduled for October 6, 2026.
Larsen and Toubro will sell its stake in L&T Network Services to subsidiary Vyoma.AI Limited for Rs. 30 Crore in an equity-based transaction.
L&T will transfer its Data Center business to its wholly-owned subsidiary, Vyoma.AI Limited, via a slump sale for an estimated consideration of Rs. 1,400 Crore.
L&T will transfer its Data Center business for ₹1,400 crore and divest its stake in L&T Network Services for ₹30 crore to its subsidiary, Vyoma.AI.