Acquisitions26 Sept 2025, 02:59 pm
Government of Telangana to Takeover Larsen & Toubro Metro Rail Project
AI Summary
In a recent development, the Government of Telangana (GOT) has agreed to take over the L&T Metro Rail project. The takeover will be executed by refinancing the current debt and acquiring equity of L&T Metro Rail (Hyderabad) Limited at the agreed values. The divestment is expected to be completed by the end of the current fiscal FY26. Larsen & Toubro Limited will submit the necessary disclosures under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 at the appropriate time.
Key Highlights
- Government of Telangana to take over Larsen & Toubro Metro Rail project
- Takeover to be executed by refinancing the current debt
- Equity of L&T Metro Rail (Hyderabad) Limited to be acquired at agreed values
- Divestment expected to be completed by end of FY26
- Larsen & Toubro Limited to submit necessary disclosures under SEBI regulations