Mumbai, January 13, 2026: Larsen & Toubro Limited has moved to consolidate its offshore marine construction operations by acquiring the remaining 40 percent stake in its joint venture arm, L&T Sapura Shipping Private Limited, from its partner Sapura Nautical Power Pte Ltd. With this transaction, the subsidiary will become a wholly owned arm of the engineering and construction major.
Transaction Overview
The acquisition involves the purchase of 6.35 crore equity shares of L&T Sapura Shipping at a price of ₹19.26 per share, translating into a total equity consideration of approximately ₹1,224 crore. Alongside the equity acquisition, the subsidiary will also fully repay an outstanding shareholder loan of USD 16.93 million to the exiting partner.Post completion, Larsen & Toubro’s shareholding in L&T Sapura Shipping will increase from 60 percent to 100 percent, giving the group full ownership and operational control over the offshore asset.
Key Deal Details
| Particulars | Details |
|---|---|
| Stake acquired | 40 percent |
| Shares purchased | 6,35,41,233 equity shares |
| Price per share | ₹19.26 |
| Total equity consideration | ₹1,223.90 crore |
| Additional repayment | USD 16.93 million shareholder loan |
| Post-transaction holding | 100 percent |
Strategic Rationale
L&T Sapura Shipping owns and operates a heavy lift cum pipe-lay vessel used for offshore platform installation and subsea pipeline and cable laying. The business directly complements Larsen & Toubro’s core engineering, construction, and hydrocarbons portfolio, particularly in offshore projects across India and the Middle East.By taking full ownership, Larsen & Toubro is expected to gain greater operational flexibility, tighter asset deployment control, and improved execution capability for large offshore contracts. The move also simplifies the ownership structure of a strategically important marine asset within the group.
Financial Profile of the Subsidiary
L&T Sapura Shipping has shown steady operating scale in recent years, reflecting the cyclical nature of offshore activity and improving utilisation of marine assets.| Financial Year | Turnover (₹ crore) |
|---|---|
| FY25 | 154.12 |
| FY24 | 162.50 |
| FY23 | 58.45 |
Larsen & Toubro Share Price Snapshot
In early trade on Tuesday, Larsen & Toubro shares were trading lower, reflecting broader market cues rather than any immediate reaction to the corporate development.- Last traded price: ₹3,928.40
- Change: down ₹90.60 or 2.25 percent
- Previous close: ₹4,019.00
- Intraday range: ₹3,935.50 to ₹4,028.00
This acquisition reinforces Larsen & Toubro’s long-term strategy of strengthening its offshore and marine construction capabilities while retaining full ownership of critical operating assets.
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