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An update from L&T Technology Services Ltd. ( (IN:LTTS) ) is now available.
L&T Technology Services Ltd. has agreed to sell and transfer its Smart World and Communication business unit, which includes the safe and smart as well as communication segments, to AMI Paradigm Solutions Pvt. Ltd. on a slump sale basis. The unit being divested encompasses related contracts, applicable intellectual property, and employees, marking a strategic portfolio reshaping for the company.
The buyer, AMI Paradigm Solutions, is a special purpose vehicle formed by ParadigmIT Technology Services Pvt. Ltd. and AM Intelligence Labs Pvt. Ltd., entities focused on advancing AI for public systems and critical infrastructure. To secure the transaction, AM Green B.V., which shares ultimate beneficial ownership with AM Intelligence Labs, has entered into a guarantee deed to ensure payment of the purchase consideration to L&T Technology Services.
More about L&T Technology Services Ltd.
L&T Technology Services Ltd., a subsidiary of engineering conglomerate Larsen & Toubro Ltd., operates in the engineering and technology services industry. The company offers a broad portfolio of engineering, R&D, and digital solutions across sectors, with a market focus on technology-driven services for global clients, and reported consolidated revenue of Rs. 10,670.10 crore for the year ended March 31, 2025.
Average Trading Volume: 15,817
Technical Sentiment Signal: Sell
Current Market Cap: 334.2B INR
For an in-depth examination of LTTS stock, go to TipRanks’ Overview page.