In accordance with a statement released on Thursday by the construction and engineering company, L&T Realty Developers Ltd, a division of L&T, has decided to sell all of its stock to Think Tower Developers Pvt Ltd.
Assuming all closing requirements are met, the agreement for this is anticipated to close on January 30.
According to a regulatory statement by Larsen and Toubro (L&T), “L&T Realty Developers Ltd., a fully owned division of Larsen & Toubro Ltd., has signed an agreement to sell its whole ownership of 99% in Think Tower Developers Private Ltd., a subordinate company (TTDPL), on January 5.
The petition also said that TTDPL will no longer be a subsidiary business.
According to the firm, “Praktik Harshad Kalsariya, who doesn’t associate with the promoter group, is purchasing the whole share owned by L&T Realty Developers Ltd in the company.”
