Larsen & Toubro Limited — JV/Acquisition, 28-07-2026: Amalgamation/Merger

Larsen & Toubro (L&T) is merging with its wholly-owned subsidiary, L&T Power Development Ltd (LTPDL). This move aims to simplify the group structure, enhance operational clarity, and streamline management. LTPDL, which has ceased core operations, has a net worth of ₹2,703.12 Cr and nil revenue, while L&T's figures are ₹74,532.90 Cr net worth and ₹1,53,680.17 Cr revenue. The merger will centralize pending litigations, reduce administrative overheads, and optimize the corporate structure. There will be no change in L&T's shareholding pattern as no new shares are issued. The amalgamation is subject to regulatory approvals.