L&T completes divestment of Nabha Power to Torrent Power

Core business divestedStrategic Transactions View source PDF Explain this filing

LT · price

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Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹4202.10

prior close

₹4225.00

announcement price

After-mkt

timing

Nifty 100market-0.5%-0.4% vs market

Civil Construction peers, median of 98sector-0.5%-0.5% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty 100 and 0.5 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-0.2

15m

-0.3

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9-0.5-0.4-0.5-0.5

Next day

-1.4-0.8-0.6-0.4-0.9

-2.6-0.2-2.4-0.0-2.6

-3.5+0.5-3.9-0.0-3.4

-4.3+0.7-5.0-0.1-4.2

-3.9+1.4-5.3-1.2-2.6

-7.2-0.9-6.3-4.1-3.1

15d

-8.7+0.7-9.3-5.4-3.2

-6.5+0.8-7.2-5.4-1.0

-3.7+0.5-4.2-9.1+5.4

-10.8-5.2-5.5-12.7+1.9

UpDownMarket · Nifty 100Sector · Civil Construction peers, median of 98Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

L&T has completed the sale of its subsidiary Nabha Power Limited to Torrent Power through wholly-owned unit L&T Power Development. L&T PDL received about 3,632 crore rupees in cash after closing adjustments. NPL ceases to be a subsidiary of L&T, though L&T PDL retains a small stake in 0.1 percent redeemable preference shares worth about 158 crore rupees. The deal was first signed on February 16, 2026.

Likely market impact

Boosts L&T cash position by about 3,632 crore rupees; sharpens focus on core infra and engineering business. Marginally positive for shareholders.