L&T trades higher after selling off entire stake in infra development arm

Through the sale, L&T’s 51 percent and CPP Investments’ 49 percent stakes have been acquired by Epic Concesiones Private Limited which is an investee company of Edelweiss Infrastructure Yield Plus Strategy and is currently managed by Edelweiss Alternative Asset Advisors Limited (EAAA).

Moneycontrol News

April 12, 2024 / 09:35 IST

This is the latest exit of the conglomerate as a part of its strategy to to "exit non-core businesses for reducing exposure to the asset-heavy developmental projects portfolio, enhancing its return on equity (RoE)."

26 Aug, 2025 12:21

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Shares of Larsen & Toubro gained nearly 1 percent at the open on the NSE, a day after the conglomerate announced that it had completed the sale of its entire stake in L&T Infrastructure Development Projects Limited (LTIDPL). At 9:20am, the stock was trading at Rs 3,777.

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In a release on April 11, L&T announced that it had completed sale of the joint venture with Canada Pension Plan Investment Board (CPP Investments). Through the sale, L&T’s 51 percent and CPP Investments’ 49 percent stakes have been acquired by Epic Concesiones Private Limited which is an investee company of Edelweiss Infrastructure Yield Plus Strategy and is currently managed by Edelweiss Alternative Asset Advisors Limited (EAAA). L&T IDPL portfolio includes eight roads (4,900 lane-km) and one 960 ckm power transmission asset.

Also read: L&T, CPP investments, sell entire stake in L&T IDPL to Edelweiss Alternatives-backed platform

This is the latest move by the conglomerate as a part of its strategy to "exit non-core businesses for reducing exposure to the asset-heavy developmental projects portfolio, enhancing its return on equity (RoE)".