Larsen & Toubro Divestment of L&T Metro Rail (Hyderabad) Ltd Stake
Sector: Mass Transit • Location: Hyderabad, Telangana, India
Source: Dailyhunt
Larsen & Toubro (L&T) has entered into a pact to divest its entire stake in L&T Metro Rail (Hyderabad) Ltd to Hyderabad Metro Rail Ltd for ₹1,461.47 crore. This marks L&T's exit from the urban metro rail project. The transaction is likely to be completed by the end of June, after which L&T Metro Rail (Hyderabad) Ltd will cease to be a subsidiary of L&T. Hyderabad Metro Rail Limited plans to refina
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Contact
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Larsen & Toubro (L&T) has entered into a pact to divest its entire stake in L&T Metro Rail (Hyderabad) Ltd to Hyderabad Metro Rail Ltd for ₹1,461.47 crore. This marks L&T's exit from the urban metro rail project. The transaction is likely to be completed by the end of June, after which L&T Metro Rail (Hyderabad) Ltd will cease to be a subsidiary of L&T. Hyderabad Metro Rail Limited plans to refinance LTMRHL's existing debt, leading to the release of Corporate Guarantee and Letter of Comfort issued by L&T. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Budget | 000000000000000 |
Location
Region | Obfuscated |
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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