Larsen & Toubro (LT) — Board Meeting

L&T's board approved transferring its Realty Business Undertaking to L&T Realty Properties Ltd, a wholly-owned subsidiary, via slump-sale and Scheme of Arrangement subject to regulatory approvals. This consolidation unifies all real estate assets under a single entity with 65 million sq. ft. development potential across premium residential, commercial, and retail segments. The move enables L&T Realty to pursue independent capital raising, accelerate land acquisitions, and strengthen joint development partnerships to establish itself as India's leading luxury real estate brand.

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About Larsen & Toubro Limited (LT)

Construction · Construction · Listed on NSE

Market Cap: ₹5,37,748.69 Cr P/E: 33.1

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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