{"id":162879,"date":"2018-05-29T09:41:18","date_gmt":"2018-05-29T09:41:18","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=162879"},"modified":"2018-05-29T09:41:18","modified_gmt":"2018-05-29T09:41:18","slug":"lt-delineated-5-cos-to-invit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-delineated-5-cos-to-invit\/","title":{"rendered":"L&#038;T delineated 5 cos to InvIT"},"content":{"rendered":"<p>On May 4, 2018, Larsen &#038; Toubro Ltd (L&#038;T) informed the stock exchanges that its subsidiary company, L&#038;T Infrastructure Development Projects Ltd (L&#038;T-IDPL) has transferred its stake in its five subsidiary companies to Indinfravit Trust through the infrastructure investment trust (InvIT) route. Accordingly, these companies cease to be subsidiary companies of L&#038;T effective from May 4, 2018. It has also stated that L&#038;T will receive \u201cRs 909.08 crore as consideration for the portfolio of five entities. In addition, loans if any provided by L&#038;T-IDPL and its subsidiaries to the five entities will also be repaid.\u201d<\/p>\n<p><a href=\"http:\/\/livemedia.press\/product\/infralive-subscription\" target=\"_blank\"><img decoding=\"async\" class=\" alignright\" src=\"http:\/\/telecomlive.in\/web\/wp-content\/uploads\/2015\/05\/read-more.gif\" alt=\"http:\/\/telecomlive.in\/web\/wp-content\/uploads\/2015\/05\/read-more.gif\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 4, 2018, Larsen &#038; Toubro Ltd (L&#038;T) informed the stock exchanges that its subsidiary company, L&#038;T Infrastructure Development Projects Ltd (L&#038;T-IDPL) has transferred its stake in its five subsidiary companies to Indinfravit Trust through the infrastructure investment trust (InvIT) route. Accordingly, these companies cease to be subsidiary companies of L&#038;T effective from May 4, 2018. It has also stated that L&#038;T will receive \u201cRs 909.08 crore as consideration for the portfolio of five entities. In addition, loans if any provided by L&#038;T-IDPL and its subsidiaries to the five entities will also be repaid.\u201d<\/p>\n","protected":false},"author":1,"featured_media":162880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[119],"tags":[],"class_list":["post-162879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazinenews"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/162879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=162879"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/162879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media\/162880"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=162879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=162879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=162879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}