Larsen & Toubro, signed an agreement to divest its 51% stake in L&T Infrastructure Development Projects Limited (L&T IDPL) to a portfolio company of Infrastructure Yield Plus II, an infrastructure fund managed by Edelweiss Alternatives. With this, L&T will divest its entire stake in the concession subsidiary, L&T IDPL. This is in line with L&T’s…
Infrastructure Yield Plus strategy, managed by Edelweiss Alternatives, has signed definitive agreements with Larsen & Toubro Limited (L&T) and Canada Pension Plan Investment Board (CPP Investments) to acquire 100% equity stake in L&T Infrastructure Development Projects Limited (L&T IDPL). The proposed acquisition will be for an enterprise value of approximately INR 6,000 cr, along with…