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L&T to buy old lane’s 2.55% stake in subsidiary for ₹48 crore

L&T will buy 2.55% stake (81,90,000 shares) of Old Lane in L&T IDPL.

ET Bureau|
Oct 19, 2019, 10.12 AM IST
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Agencies
L&T
The share purchase agreement was executed on Thursday, the company said in a filing to BSE.
Larsen & Toubro on Friday said it has signed an agreement to buy the entire stake of Old Lane Mauritius III in L&T Infrastructure Development Projects (L&T IDPL) for ₹47.9 crore. The share purchase agreement was executed on Thursday, the company said in a filing to BSE. L&T will buy 2.55 per cent stake (81,90,000 shares) of Old Lane in L&T IDPL.

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