L&T to Divest Entire Stake in Hyderabad Metro Rail for ₹1,461 Crore
L&T shares in focus as firm set to sell entire stake in Hyderabad Metro Rail arm for Rs 1,461 crore
The Economic Times
Image: The Economic Times
Larsen & Toubro (L&T), a major engineering and construction firm, plans to sell its entire stake in L&T Metro Rail (Hyderabad) Limited to Hyderabad Metro Rail Limited for ₹1,461.47 crore (approximately $176 million USD). The transaction is expected to be finalized by June 30, 2026, impacting L&T's revenue and net worth.
- 01L&T is selling its entire stake in L&T Metro Rail (Hyderabad) Limited for ₹1,461.47 crore.
- 02The transaction is expected to complete by June 30, 2026.
- 03L&T Metro Rail (Hyderabad) accounted for 0.43% of L&T's total revenue.
- 04L&T shares have gained over 16% in the past month.
- 05The company will release its Q1 FY26 results on May 5, 2026.
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Larsen & Toubro (L&T) has announced a share purchase agreement to divest its entire stake in L&T Metro Rail (Hyderabad) Limited to Hyderabad Metro Rail Limited, a Government of Telangana enterprise, for ₹1,461.47 crore (approximately $176 million USD). This move will result in L&T Metro Rail (Hyderabad) ceasing to be a subsidiary of L&T. The transaction, executed on April 29, 2026, is expected to be completed by June 30, 2026. L&T Metro Rail (Hyderabad) contributed 0.43% to L&T's total revenue of ₹1,100.13 crore and 0.83% to its net worth of ₹807.49 crore as of the end of the financial year 2026. L&T shares have seen a 1% increase over the past week and more than 16% over the past month, closing at ₹4,096.10 on the National Stock Exchange. The company is set to announce its earnings for the January-March quarter of FY26 on May 5, 2026.
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This divestment may lead to changes in operational management and financial structure for L&T Metro Rail (Hyderabad), potentially affecting local transportation projects.
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