L&T Real Estate News - Larsen & Toubro came into an agreement to sell its entire stake of 99 percent in Think Tower Developers Private Ltd
Larsen & Toubro came into an agreement to sell its entire stake of 99 percent in Think Tower Developers Private Ltd on January 5.
On Thursday, the engineering and construction conglomerate said that a subsidiary of L&T, L&T Realty Developers has agreed to sell its entire stake in Think Tower Developers Pvt Ltd.
It is expected that the agreement will be completed on January 30, which is subject to the completion of closing conditions.
Larsen and Toubro (L&T) said in a regulatory filing that L&T Realty developers Ltd, has entered into an agreement to sell its complete stake of 99 percent in Think Tower Developer Private Ltd (TTDPL), on January 5. The filing added that TTDPL will cease to be a subsidiary company.
The company said that the entire stake held by L&T Realty Developers Ltd is being sold to Pratik Harshad Kalsariya, who does not belong to the promoter group.
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