L&T Realty Properties to Acquire 100% Stake in International Green Scapes Limited
Larsen & Toubro Limited's wholly owned subsidiary, L&T Realty Properties Limited (L&T RPL), has executed an agreement for the acquisition of a 100% stake in International Green Scapes Limited (IGSL). Following the completion of the acquisition, IGSL will become a wholly owned subsidiary of the Company.The acquisition of the stake in International Green Scapes Limited was finalized through a Share Purchase and Shareholders' Agreement. This transaction is set to enable L&T RPL to leverage the land owned by IGSL for enhancing and expanding its real estate development portfolio.
The transaction details confirm that L&T RPL acquired a 100% stake, comprising 58,23,425 equity shares in IGSL. The total cost for acquiring the 100% stake in IGSL was ₹1,123 Crore, payable in cash consideration.
A table outlines the key specifics of the acquisition:
| Detail | Information |
|---|---|
| Target Entity | International Green Scapes Limited (IGSL) |
| IGSL FY 25 Turnover | NIL |
| Industry | Real Estate |
| Consideration Type | Cash |
| Cost of Acquisition | ₹1,123 Crore |
| Stake Acquired | 100% (58,23,425 equity shares) |
| Indicative Completion Timeline | By 15 th April 2026 |
Profile of International Green Scapes Limited
International Green Scapes Limited is identified as a real estate company possessing licenses to develop residential properties in Gurugram, Haryana. The company was incorporated on November 22, 1993. Its turnover for the last three fiscal years was reported as follows:| Fiscal Year | Turnover |
|---|---|
| FY 22-23 | NIL |
| FY 23-24 | NIL |
| FY 24-25 | NIL |
The acquisition of IGSL is noted as an activity within the real estate sector. The transaction does not involve any related party transactions, nor does the promoter or promoter group have any recorded interest in the acquired entity.
LT Stock Price Movement
Today, Larsen & Toubro Limited shares gained ground, closing at ₹3959.9, up 1.66% for the session. The equity settled with a total traded volume of 2.82 million shares today.Source:
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