Acquisitions12 Jan 2026, 02:49 pm
Larsen & Toubro Ltd Acquires Stake in L&T Sapura Shipping Private Limited from Sapura Nautical Power Pte Ltd
AI Summary
Larsen & Toubro Ltd (L&T) has executed a Share Purchase Agreement for the acquisition of Sapura Nautical Power Pte Ltd's (Sapura) shareholding in L&T Sapura Shipping Private Limited (LTSSPL), a subsidiary of L&T. Post completion of the acquisition, LTSSPL will become a wholly owned subsidiary of L&T. The acquisition will further strengthen L&T's operational flexibility and asset availability for execution of offshore projects, particularly in India and the Middle East. LTSSPL operates in the offshore marine construction segment, which is complementary to L&T's core engineering and construction businesses. The acquisition is expected to be completed by 31st January 2026.
Key Highlights
- L&T to acquire 40% stake in LTSSPL from Sapura Nautical Power Pte Ltd.
- LTSSPL will become a wholly owned subsidiary of L&T upon completion of the acquisition.
- The acquisition strengthens L&T's operational flexibility and asset availability for offshore projects.
- LTSSPL operates in the offshore marine construction segment.
- The acquisition is expected to be completed by 31st January 2026.