L&T Board Approves Scheme of Arrangement with L&T Realty Properties
L&T's Board approved a Scheme of Arrangement to transfer its Realty Undertaking to its subsidiary, L&T Realty Properties. L&T Realty Properties will issue shares to L&T as consideration. The scheme is pending regulatory approvals.
The scheme of arrangement is a significant corporate action that could have a moderate impact on the company's structure and future prospects.
The announcement details a strategic restructuring move that is expected to benefit both L&T and its subsidiary, L&T Realty Properties, potentially unlocking value and improving operational efficiency.
* Larsen & Toubro's Board approved a Scheme of Arrangement between L&T and L&T Realty Properties and their respective shareholders and creditors on December 8, 2025. * The scheme involves the transfer and vesting of the Realty Undertaking of L&T to L&T Realty Properties. * L&T Realty Properties will issue 393.53 crore fully paid-up equity shares of ₹ 10 each at a premium of ₹ 6 to L&T. * The scheme is subject to approvals from members, creditors, BSE, NSE, and NCLT. * Realty Undertaking's revenue for the half year ended September 30, 2025, was ₹ 640.57 crore (0.93% of total) and net worth was ₹ 2,148.86 crore (3.16% of total). * The rationale includes focused management, strategic opportunities, and better financial resource raising for L&T Realty Properties.
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Larsen & Toubro Limited filed this with the NSE as a statutory disclosure, categorised under merger. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Larsen & Toubro Limited. Read the original for the full detail.