News > Larsen & Toubro sells stake in infra development arm for Rs 2,723 cr
Larsen & Toubro sells stake in infra development arm for Rs 2,723 cr
![](https://gumlet.assettype.com/freepressjournal/2022-11/f35f333d-6537-416f-8ade-4e8ac6909edb/L_T.jpg?rect=0%2C0%2C3900%2C2048&w=1200&auto=format%2Ccompress&ogImage=true)
17/12/2022 04:22 PM | Click to read full article
According to an exchange filing, Larsen and Toubro has transferred its entire shareholding in L&T Infrastructure Development Projects Limited, to Infrastructure Yield Plus II, managed by Edelweiss Alternative Asset Advisors. The stake in the joint venture between L&T and Canada Pension Plan, is being sold for more than Rs 2,723 crore. After completion of the deal, L&T IDPL won't be a subsidiary of L&T.