Larsen & Toubro Limited has extended the completion timeline for the disposal of its stake in L&T Metro Rail (Hyderabad) Limited. The estimated completion date is now December 31, 2026.
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.
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 has initiated the merger of its subsidiary, L&T Power Development Limited, into itself. This reorganization aims to simplify group structure and streamline administrative operations.
L&T received the NCLT certified copy for a Scheme of Arrangement with L&T Realty Properties Limited. The company will now convene a shareholders' meeting.
Larsen & Toubro (L&T) has signed an agreement to divest its 100% stake in L&T Metro Rail (Hyderabad) Limited to Hyderabad Metro Rail Limited (HMRL). The move aligns with L&T’s strategy to exit non-core development projects and unlock capital for its engineering and technology businesses. HMRL plans to further expand the 69 km metro network.
Larsen & Toubro Limited has entered an agreement to sell its subsidiary, L&T Metro Rail (Hyderabad) Limited, to Hyderabad Metro Rail Limited for ₹1,461.47 Crore. The transaction, expected to close by June 30, 2026, will also release L&T from existing corporate guarantees and letters of comfort upon debt refinancing by the buyer.
Larsen & Toubro is divesting its entire stake in L&T Metro Rail (Hyderabad) Limited to Hyderabad Metro Rail Limited for ₹1,461.47 Crore. The transaction, expected to close by June 30, 2026, will result in the entity ceasing to be an L&T subsidiary.