{"id":296943,"date":"2019-10-19T10:56:14","date_gmt":"2019-10-19T05:26:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=296943"},"modified":"2019-10-19T11:09:13","modified_gmt":"2019-10-19T05:39:13","slug":"lt-to-buy-old-lanes-stake-in-subsidiary-for-%e2%82%b948-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-to-buy-old-lanes-stake-in-subsidiary-for-%e2%82%b948-cr\/","title":{"rendered":"L&amp;T to buy Old Lane\u2019s stake in subsidiary for \u20b948 cr"},"content":{"rendered":"<p>Larsen &amp; Toubro on Friday said it has signed an agreement to buy the entire stake of Old Lane Mauritius III Ltd in L&amp;T Infrastructure Development Projects (L&amp;T IDPL) for \u20b947.9 crore. <\/p>\n<p>The share purchase agreement was executed on Thursday, the company said in a filing to BSE. <\/p>\n<p>L&amp;T will buy 2.55 per cent stake (81,90,000 shares) of Old Lane in L&amp;T IDPL. <\/p>\n<p>\u201cAt the request of Old Lane, subject to completion of certain conditions precedent, L&amp;T has agreed to purchase its small holding in L&amp;T IDPL as a gesture of goodwill towards a longtime investor,\u201d the filing said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Larsen &amp; Toubro on Friday said it has signed an agreement to buy the entire stake of Old Lane Mauritius III Ltd in L&amp;T Infrastructure Development Projects (L&amp;T IDPL) for \u20b947.9 crore. The share purchase agreement was executed on Thursday, the company said in a filing to BSE. L&amp;T will buy 2.55 per cent stake (81,90,000 shares) of Old Lane in L&amp;T IDPL. \u201cAt the request of Old Lane, subject to completion of certain conditions precedent, L&amp;T has agreed to purchase its small holding in L&amp;T IDPL as a gesture of goodwill towards a longtime investor,\u201d the filing said.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-296943","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296943","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=296943"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296943\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=296943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=296943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=296943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}