L&T Realty Acquires 100% Stake in IGSL for ₹1,123 Crore
L&T Realty Properties Limited, a subsidiary of Larsen & Toubro, is acquiring 100% stake in International Green Scapes Limited for ₹1,123 Crore. The acquisition is expected to be completed by April 15, 2026, and will enhance L&T RPL's real estate development portfolio.
The acquisition amount of ₹1,123 Crore is significant and will contribute to the expansion of the company's real estate business, impacting future growth.
The acquisition is positive as it expands the company's real estate development portfolio by acquiring land assets.
Larsen & Toubro Limited (L&T) announced that its wholly-owned subsidiary, L&T Realty Properties Limited (L&T RPL), has executed a Share Purchase and Shareholders’ Agreement to acquire 100% of International Green Scapes Limited (IGSL).
This strategic acquisition, valued at ₹1,123 Crore in cash, will see IGSL become a wholly-owned subsidiary of L&T post-completion. IGSL is a real estate company incorporated on November 22, 1993, holding licenses to develop residential properties in Gurugram, Haryana. Its turnover for FY25, FY24, and FY23 was NIL.
The acquisition is expected to be completed by April 15, 2026. This move will enable L&T RPL to leverage IGSL's land assets for expanding its real estate development portfolio.
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Larsen & Toubro Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. 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.