Larsen & Toubro Limited has informed the Exchange about Update on transfer of L&T Sufin business to Sufin Limited, wholly owned Subsidiary of the Company, pursuant to Business Transfer Agreement (BTA) executed on February 24, 2026.
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Larsen & Toubro has completed the transfer of its L&T SuFin e-commerce platform business (dealing in industrial and construction goods) to SuFin Limited, a wholly owned subsidiary. The transfer was executed as a slump sale on a going concern basis for a total consideration of ₹42.9 Crore, subject to post-closing adjustments. This follows the Business Transfer Agreement (BTA) signed on February 24, 2026, and is essentially an internal group restructuring rather than a sale to an outside party.
This is an internal reorganization with no change in ultimate ownership — SuFin Limited is a 100% subsidiary of L&T, so consolidated financials remain unaffected. Shareholders are unlikely to see any material impact on stock price or earnings, as the ₹42.9 Cr consideration is small relative to L&T's overall scale.