L&T shareholders approve Realty business transfer to wholly-owned arm

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

LT · price

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

+1.7%Reaction day

₹3990.00

prior close

₹4025.00

announcement price

After-mkt

timing

Nifty 100market+0.1%+1.6% vs market

Civil Construction peers, median of 100sector+0.4%+1.3% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty 100 and 1.3 pts more 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

+0.9

10m

+0.9

15m

+0.8

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.7+0.1+1.6+0.4+1.3

Next day

+1.8+0.1+1.7+0.0+1.8

+1.3-0.0+1.3-0.1+1.3

+2.3+0.0+2.2+0.0+2.3

+1.4-0.4+1.8-1.0+2.5

+0.8-0.5+1.3-1.9+2.7

+1.7-0.8+2.4-2.0+3.7

15d

+1.6-1.3+2.8-3.0+4.6

+0.2-3.2+3.4-4.4+4.7

-6.0-8.1+2.0-9.9+3.9

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

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

AI summary

L&T equity shareholders approved the scheme to transfer the Realty Undertaking to wholly-owned arm L&T Realty Properties Ltd via slump sale at enterprise value Rs 6,300 Cr. Consideration paid through equity shares issued to L&T, so no dilution to public holders. Realty FY26 pre-sales about Rs 10,000 Cr with 71 million sq ft development potential. 99.07 percent voted in favor, 0.93 percent against.

Likely market impact

Internal restructuring with no change in public shareholding. Realty business to operate under a focused platform while staying within the L&T group.