Larsen & Toubro (L&T) has entered into an agreement to divest its 100% stake in L&T Infrastructure Engineering (LTIEL) to STUP Consultants, a subsidiary of Assystem SA of France.
LTIEL, formerly known as L&T-Ramboll Consulting Engineers, provides engineering consultancy services to the infrastructure sector in the country. In FY23, LTIEL posted Rs 92 crore in revenue.
This transaction – which is expected to be concluded before January 15, 2024 – aligns with L&T’s commitment to focus on its core businesses and assets, it said in a statement.
