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An update from Larsen & Toubro Limited ( (IN:LT) ) is now available.
Larsen & Toubro has signed a Business Transfer Agreement to move its SuFin e-commerce platform for industrial and construction goods to SuFin Limited, a wholly owned subsidiary, via a slump sale on a going-concern basis. The cash consideration is estimated at ₹60 crore, with completion expected on or before April 1, 2026.
The SuFin business currently contributes a very small share to L&T’s standalone financials, accounting for 0.01% of revenue and 0.08% of net worth in FY 2024-25, indicating the transaction is more about internal restructuring than balance-sheet impact. The related-party deal, stated to be at arm’s length, is likely aimed at sharpening focus and governance around the digital platform by housing it in a dedicated subsidiary.
More about Larsen & Toubro Limited
Larsen & Toubro Limited is a diversified Indian conglomerate with core businesses spanning engineering, construction, manufacturing, and technology services. The company also operates digital platforms, including an e-commerce marketplace focused on industrial and construction goods, reflecting its push into technology-enabled solutions for infrastructure and industrial customers.
Average Trading Volume: 158,453
Technical Sentiment Signal: Buy
Current Market Cap: 5949.3B INR
Find detailed analytics on LT stock on TipRanks’ Stock Analysis page.