The Competition Commission of India (CCI) on Tuesday said it has approved Reliance Retail Venture's acquisition of German firm Metro AG's wholesale operations in India.
Get latest articles and stories on Business at LatestLY. With this, L&T will divest its entire stake in the concession subsidiary, L&T IDPL. This is in line with L&T s strategy of reducing its exposure to the non-core asset-heavy developmental projects portfolio, according to a statement from Larsen and Toubro. Business News | Edelweiss Alternatives Acquires L-T Infrastructure Development Projects.
Larsen & Toubro, signed an agreement to divest its 51% stake in L&T Infrastructure Development Projects Limited to a portfolio company of Infrastructure Yield Plus II, an infrastructure fund managed by Edelweiss Alternatives.
Larsen & Toubro To Sell Its Entire 51 Per Cent Stake In L&T IDPL To Edelweiss Alternatives In Strategic Move swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.