Larsen & Toubro Limited has informed the Exchange about General Updates
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L&T's wholly owned subsidiary, L&T Realty Properties Limited, has acquired 100% stake in International Green Scapes Limited (IGSL) for ₹1,123 crore in cash. IGSL is a real estate company incorporated in 1993, holding licenses to develop residential properties in Gurugram, Haryana. The company has had nil turnover for the past three financial years, indicating this acquisition is primarily for its land assets. The deal is expected to complete by 15th April 2026. This acquisition will enable L&T RPL to leverage IGSL's land holdings to expand its real estate development portfolio.
Positive for L&T shareholders as the acquisition strengthens the real estate business by adding land assets in a prime location (Gurugram), expanding the company's property development capabilities.