Larsen & Toubro Limited has informed the Exchange regarding 'Intimation of Execution of Securities Purchase Agreement to divest Nabha Power Limited, a wholly owned subsidiary of the Company'.
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Larsen & Toubro (L&T) has executed a Securities Purchase Agreement to divest Nabha Power Limited, its wholly owned subsidiary engaged in power generation (a 700 MW thermal power plant in Punjab). The buyer details and deal value were not disclosed in this intimation. This move is part of L&T's broader strategy to exit the power generation business and sharpen focus on its core engineering, construction, and infrastructure segments. Shareholders should watch for further disclosures on the buyer identity, consideration, and post-deal impact on consolidated financials.
This divestment will reduce L&T's consolidated asset base and debt, and is likely to be viewed positively by investors as it signals portfolio rationalisation. The actual stock price reaction will depend on the deal valuation and use of sale proceeds.