The bad loan portfolio is worth Rs 880 crore.
The company has acquired turnkey contracts for the development of more than 365 kilometers of 765kV double-circuit transmission lines.
The valuation of the company was estimated to be up to $3 billion.
The 3 entities that will be merged in it are L&T Finance Limited, L&T Infra Credit Limited, and L&T Mutual Fund Trustee Limited.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
Acquisition done for Rs 18.45 crore.
McPhy Energy is a French company.
Vedanta is the parent company of Hindustan Zinc.
Floor price for the offer-for-sale set at Rs 2,450 per share.
The project will provide bulk raw water to villages in the Jharkhand districts of Sahibganj, Godda, and Dumka.