L&T to sell Hyderabad Metro Rail stake for ₹1,461 crore

Larsen & Toubro Limited has executed a Share Purchase Agreement with Hyderabad Metro Rail Limited for the sale of its entire shareholding in L&T Metro Rail (Hyderabad) Limited for a consideration of ₹1,461.47 crore, the company said in an exchange filing.The company added that upon completion of the transaction, L&T Metro Rail (Hyderabad) Limited will cease to be a subsidiary of the company. The divestment is estimated to be completed by June 30, 2026.

As per the exchange filing, following the closure, Hyderabad Metro Rail Limited proposes to refinance the existing debt of L&T Metro Rail (Hyderabad) Limited. “Consequently, the Corporate Guarantee and Letter of Comfort issued by the Company in respect of such debt shall be released,” said the L&T.
Earlier on April 24, the firm had informed that it had entered the B2B industrial electronics space with the commencement of manufacturing operations at its Coimbatore campus in Tamil Nadu.The company has set up a new business vertical, L&T Electronic Products & Systems (LTEPS), which will be headquartered in Bengaluru, while manufacturing will be carried out in Coimbatore.

Shares of Larsen & Toubro Limited closed at ₹4,083.00 on the National Stock Exchange of India on April 29, 2026, gaining ₹45.30 or 1.12% during the session.

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