L&T: Deal will be a one-off gain

Construction major Larsen & Toubro and Canadian pension fund manager Canada Pension Plan Investment Board (CPP) have sold their 100% stake in L&T IDPL, infra asset ownership entity, for `6,000 crore EV. `2,720 crore  is the gross equity receipts with L&T’s 51% share implying `1,390 crore receipt.  Buoyant equity markets is helping L&T with its […]

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