Larsen & Toubro Transfers Data Center Business and Divests Stake in LTNSPL to Subsidiary Vyoma.AI Limited
Larsen & Toubro Limited has announced the execution of a Business Transfer Agreement (BTA) concerning its Data Center and Cloud Services Business, as well as a Share Purchase Agreement (SPA) for its stake in L&T Network Services Private Limited (LTNSPL). Both transfers are being conducted with Vyoma.AI Limited, a wholly owned subsidiary of Larsen & Toubro.Under the BTA, which involves a slump sale on a going concern basis, Larsen & Toubro is transferring its Data Center and Cloud Services Business to Vyoma.AI Limited for an aggregate consideration estimated at ₹ 1,400 crore, subject to closing adjustments. This consideration will be discharged by the issuance of fully paid equity shares of Vyoma.
The details pertaining to the transfer of the Data Center Business, conducted on August 11, 2026, are summarized below:
| Metric | Larsen & Toubro Limited (FY 2025-26) | DataCenter Business Contribution |
|---|---|---|
| Revenue from Operations (₹ Crore) | 1,53,680.17 | 36.6 |
| % of Total Revenue (%) | 100% | 0.025% |
| Net Worth (₹ Crore) | 72,930.98 | 1,142 |
| % of Total Networth (%) | 1.565% |
Vyoma.AI Limited, which is a newly incorporated public limited company established for establishing data centres, acquired the business from Larsen & Toubro Limited. The transaction is identified as a related party transaction and has been carried out at arm's length. The proposed completion date for this sale is set on or before October 31, 2026.
Divestment of LTNSPL Stake to Vyoma
In addition to the DC Business transfer, Larsen & Toubro Limited executed a Share Purchase Agreement (SPA) where it will divest 100% of its equity in L&T Network Services Private Limited (LTNSPL) to Vyoma.AI Limited. The consideration for this transaction is estimated at ₹ 30 crore, subject to closing adjustments and will also be discharged through the issuance of fully paid equity shares of Vyoma.Upon the completion of this transaction, LTNSPL will become a direct wholly owned subsidiary of Vyoma.AI Limited and an indirect wholly owned subsidiary of Larsen & Toubro Limited. The sale of L&T Network Services Private Limited (LTNSPL) occurred on August 11, 2026, with an expected completion date on or before October 31, 2026.
The contribution of LTNSPL to the parent company is detailed in the following table:
| Metric | L&T Network Services Private Limited (as on March 31, 2026) | % Contribution to L&T Consolidated |
|---|---|---|
| Turnover (₹ crore) | 1.86 | 0.001% |
| Net Worth (₹ crore) | 18.31 | 0.025% |
Both transactions represent related party transactions, conducted at arm's length with Vyoma.AI Limited being a wholly owned subsidiary of Larsen & Toubro Limited. The completion of these acquisitions is subject to the fulfillment of agreed closing conditions.
LT Stock Price Movement
Larsen & Toubro Limited (L&T) shares today slipped by 1.04% in the closed market, settling at ₹4,037.40. The stock saw significant activity, trading approximately 1.4 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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