Larsen & Toubro Ltd. (L&T) has finalised the sale of its entire stake in L&T Metro Rail (Hyderabad) Limited for a consideration of Rs 1,461.47 crore.
"The company has today executed a Share Purchase Agreement with Hyderabad Metro Rail Limited, a Government of Telangana Enterprise, for disposal of its entire shareholding in L&T Metro Rail (Hyderabad) Limited, a subsidiary of the Company, for a consideration of ₹ 1,461.47 crore," L&T said in a regulatory filing on Wednesday.
Upon completion of the transaction, L&T Metro Rail (Hyderabad) Limited (LTMRHL) would cease to be a subsidiary of Larsen & Toubro Ltd.
In FY25, LTMRHL reported a revenue of Rs 1,100.13 crore, accounting of 0.43% of the parent company's revenue. Its networth stood at Rs 807.49 crore.
L&T's divestment is estimated to be completed by June 30, 2026.
Upon closing of the transaction, Hyderabad Metro Rail Limited proposes to refinance the existing debt of LTMRHL, the release said, adding that the Corporate Guarantee and Letter of Comfort issued by L&T in respect of such debt shall be released.
"The company has today executed a Share Purchase Agreement with Hyderabad Metro Rail Limited, a Government of Telangana Enterprise, for disposal of its entire shareholding in L&T Metro Rail (Hyderabad) Limited, a subsidiary of the Company, for a consideration of ₹ 1,461.47 crore," L&T said in a regulatory filing on Wednesday.
Upon completion of the transaction, L&T Metro Rail (Hyderabad) Limited (LTMRHL) would cease to be a subsidiary of Larsen & Toubro Ltd.
In FY25, LTMRHL reported a revenue of Rs 1,100.13 crore, accounting of 0.43% of the parent company's revenue. Its networth stood at Rs 807.49 crore.
L&T's divestment is estimated to be completed by June 30, 2026.
Upon closing of the transaction, Hyderabad Metro Rail Limited proposes to refinance the existing debt of LTMRHL, the release said, adding that the Corporate Guarantee and Letter of Comfort issued by L&T in respect of such debt shall be released.
