Approval of Scheme of Arrangement of Larsen & Toubro Limited and L&T Realty Properties Limited and their…
As filed · Approval of Scheme of Arrangement of Larsen & Toubro Limited and L&T Realty Properties Limited and their respective Shareholders and Creditors under Sections 230 to 232 and other applicable provisions
What happened
FactLarsen & Toubro Limited's Board of Directors has approved a Scheme of Arrangement for the transfer of its Realty Undertaking to L&T Realty Properties Limited. The Scheme is subject to approval from the requisite majority of shareholders and creditors, as well as necessary regulatory approvals from BSE, NSE, and the National Company Law Tribunal. Further details will be made available on the company's website after submission to the Stock Exchanges.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Order Book
DelayedWe remain committed to executing this project with the highest standards of quality, safety, and operational excellence
L&T Energy CarbonLite Solutions has secured a Limited Notice to Proceed (LNTP) from NTPC Ltd for the main plant package of the 2x800 MW Lara Stage-III thermal power plant in Chhattisgarh.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
- Prospect pipeline of ₹ 8 trillion for the remaining nine months (management committed by FY26)
- Strong prospect pipeline of ~ Rs 15 trn for remaining nine months (management committed by FY26)
Evidence
- Approval of Scheme of Arrangement of Larsen & Toubro Limited and L&T Realty Properties Limited and their respective Shareholders and Creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013(opens the original filing in a new tab)
- Earlier statement · Q2 FY27
- Latest statement · Q2 FY27
- Earlier statement · Q2 FY27
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%