Larsen & Toubro Limited has informed the Exchange regarding 'Intimation of execution of Business Transfer Agreement with SuFin Limited, Wholly owned Subsidiary of the Company'.
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Larsen & Toubro Limited (L&T) has signed a Business Transfer Agreement on February 24, 2026, to transfer its e-commerce platform business for industrial and construction goods (the 'SuFin business') to SuFin Limited, a wholly owned subsidiary newly incorporated on January 2, 2026. The transfer is structured as a slump sale on a going concern basis for an estimated cash consideration of Rs. 60 crore, subject to closing adjustments, with completion expected on or before April 1, 2026. The SuFin business is very small, contributing only Rs. 20.16 crore (0.01%) to L&T's standalone revenue and Rs. 59.42 crore (0.08%) to its net worth in FY 2024-25. Since the buyer is a wholly owned subsidiary, this is a related party transaction, which L&T confirms is being carried out at arm's length. There is no change to L&T's shareholding pattern as a result of this transaction.
This is an internal group restructuring with minimal financial impact on L&T or its shareholders, as the transferred business represents less than 0.1% of revenue and net worth. Shareholders are unlikely to see any material change in the stock's fundamentals, though the move allows L&T to house the e-commerce platform in a focused subsidiary structure.