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Larsen & Toubro Limited ( (IN:LT) ) has shared an announcement.
Larsen & Toubro has reported that it has received observation letters from BSE Limited and the National Stock Exchange of India regarding its proposed Scheme of Arrangement with its subsidiary L&T Realty Properties Limited. The scheme, earlier approved by L&T’s board and now reviewed by the two main stock exchanges under Regulation 37 of SEBI’s Listing Regulations, marks a key regulatory milestone in reorganising the company’s real estate business structure.
The exchanges’ observation letters, which signify that the proposal has cleared an important stage of scrutiny, pave the way for L&T to advance the scheme through subsequent regulatory and stakeholder approval processes. The move underscores the group’s ongoing effort to streamline its portfolio and could have implications for how its realty operations are structured and potentially valued within the broader L&T group.
More about Larsen & Toubro Limited
Larsen & Toubro Limited is a diversified Indian conglomerate headquartered in Mumbai, with core businesses spanning engineering, construction, manufacturing, technology, and financial services. The group also operates a significant real estate and development arm through its subsidiary L&T Realty Properties Limited, focusing on property development and related assets in key Indian markets.
Average Trading Volume: 261,374
Technical Sentiment Signal: Hold
Current Market Cap: 4959.4B INR
See more data about LT stock on TipRanks’ Stock Analysis page.