Larsen & Toubro Limited informed that it has entered into an agreement to sell off its entire stake of 99% in Think Power Developers Private Limited (TPDPL).
TPDPL is a wholly-owned subsidiary of the company. It has not commenced any operations yet.
The transaction will be completed on January 30, 2022.
The company has sold the entire stake in TPDPL to Pratik Harshad Kalsariya, who does not belong to the Promoter Group. The consideration for sale is a nominal Rs1 lakh.
At around 10.37, L&T was trading at Rs2,090.90, up by 0.14% against previous close of Rs2,087.35 on NSE. The stock opened at Rs2,090.20 and touched an intraday high and low of Rs2,121.70 and Rs2,085.60 respectively.
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