Larsen & Toubro Sells e-commerce Platform to Subsidiary Su Fin for ₹60 Crore
Larsen & Toubro Limited executed a Business Transfer Agreement to sell its e-commerce platform business ('Su Fin business') to its wholly-owned subsidiary, Su Fin Limited. The sale consideration is estimated at ₹60 crore. The transaction is expected to be completed by April 1, 2026.
The value of the transaction (₹60 crore) is minimal relative to Larsen & Toubro's overall scale of operations (standalone revenue of ₹1,42,509.01 crore for FY 2024-25), indicating a low impact on the company's financial performance.
The transaction involves the sale of a business unit to a subsidiary for a defined amount, which is a routine corporate action with no immediate positive or negative financial impact highlighted.
Larsen & Toubro Limited (the Company) has executed a Business Transfer Agreement (BTA) on February 24, 2026, for the sale of its e-commerce platform business, known as the "Su Fin business," which deals with industrial and construction goods. This transfer is being conducted on a going concern basis through a slump sale to Su Fin Limited, a wholly-owned subsidiary of the Company.
The aggregate consideration for this transaction is estimated to be ₹60 crore, subject to closing adjustments. The "Su Fin business" contributed ₹20.16 crore in revenue, representing 0.01% of the Company's total standalone revenue for FY 2024-25. Its net worth as of March 31, 2025, was ₹59.42 crore, or 0.08% of the Company's total standalone net worth.
The sale is expected to be completed on or before April 01, 2026. This transaction is a related party transaction as Su Fin Limited is a wholly owned subsidiary, and it is being carried out at arm's length. The transaction is outside any Scheme of Arrangement, and Su Fin Limited, incorporated on January 2, 2026, had no revenue or net worth in FY 2024-25 as it was newly incorporated. Larsen & Toubro Limited, the seller, had a standalone revenue of ₹1,42,509.01 crore for FY 2024-25.
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Larsen & Toubro Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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