Order Book at Rs 7,33,200 Crore: India’s Largest EPC Company Acquires 100% stake in IGSL for Rs 1,123 crore

On Friday, shares of Larsen & Toubro Ltd jumped 1.66 per cent to Rs 3,961 per share from its previous closing of Rs 3,896.20 per share. The stock’s 52-week high is Rs 4,440 per share and its 52-week low is Rs 3,048 per share. The stock surged around 1.77 per cent to its Intraday high of Rs 3,965 during the session.

Larsen & Toubro Ltd (L&T) has announced that its wholly owned subsidiary, L&T Realty Properties Ltd (L&T RPL), has executed a Share Purchase and Shareholders’ Agreement to acquire a 100 per cent stake in International Green Scapes Ltd (IGSL). Post completion, IGSL will become a wholly owned subsidiary of the company.

The acquisition is valued at Rs 1,123 crore and involves the purchase of 58,23,425 equity shares. The transaction will be completed through cash consideration and is expected to be finalized by April 15, 2026. The company clarified that the deal does not fall under related party transactions and that no promoter or group entity has any interest in IGSL.

IGSL operates in the Real Estate sector and holds licenses to develop residential properties in Gurugram, Haryana. The company was incorporated on November 22, 1993, and has reported nil turnover for the last three financial years (FY23, FY24, and FY25).

L&T stated that the acquisition will enable L&T RPL to leverage IGSL’s land assets, thereby strengthening and expanding its real estate development portfolio. No regulatory approvals are required for the transaction.

The company has a market cap of over Rs 5,44,887.91 crore. The stock price has surged over 29.69 per cent in the last 1 year. It has delivered nearly 29.96 per cent returns from its 52-week low of Rs 3,048 per share.

Disclaimer: The article is for informational purposes only and not investment advice.

What are your views on L&T’s latest acquisition strategy? Share your thoughts in the comments below.