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News Topical, Digital Desk : Larsen & Toubro (L&T) announced after the stock market closed on Monday that the company's board has approved the transfer of its realty business to its subsidiary, L&T Realty Properties Ltd, through a slump sale. According to the company, this decision was made at a board meeting held in Muscat, Oman, on December 8, 2025, based on the recommendations of the audit committee and independent directors. Under this scheme of arrangement, the realty undertaking will be transferred from the company to the transferee company.
The company stated that the scheme will further depend on the approvals of various regulatory and statutory authorities, such as the stock exchanges and the National Company Law Tribunal (NCLT). The effective date of the scheme will be effective only after all the conditions stated in the scheme are met, including the approval of shareholders, lenders, and other stakeholders. The scheme will become effective only after all necessary approvals are received and will become effective from that effective date.
Share Performance: The company's shares closed at ₹3,999.50 on Monday, down 0.96 percent. Over the past year, the company's stock has declined 1.32 percent.
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