{"id":614943,"date":"2023-11-04T10:31:15","date_gmt":"2023-11-04T05:01:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=614943"},"modified":"2023-11-04T11:03:31","modified_gmt":"2023-11-04T05:33:31","slug":"larsen-toubro-divests-ltiel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/larsen-toubro-divests-ltiel\/","title":{"rendered":"Larsen &amp; Toubro divests LTIEL"},"content":{"rendered":"<p>Larsen &amp; Toubro (L&amp;T) has entered into an agreement to divest its 100% stake in L&amp;T Infrastructure Engineering (LTIEL) to STUP Consultants, a subsidiary of Assystem SA of France.<\/p>\n<p>LTIEL, formerly known as L&amp;T-Ramboll Consulting Engineers, provides engineering consultancy services to the infrastructure sector in the country. In FY23, LTIEL posted Rs 92 crore in revenue.<\/p>\n<p>This transaction \u2013 which is expected to be concluded before January 15, 2024 \u2013 aligns with L&amp;T\u2019s commitment to focus on its core businesses and assets, it said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Larsen &amp; Toubro (L&amp;T) has entered into an agreement to divest its 100% stake in L&amp;T Infrastructure Engineering (LTIEL) to STUP Consultants, a subsidiary of Assystem SA of France. LTIEL, formerly known as L&amp;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 \u2013 which is expected to be concluded before January 15, 2024 \u2013 aligns with L&amp;T\u2019s commitment to focus on its core businesses and assets, it said in a statement.<\/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":[130,240,138],"tags":[],"class_list":["post-614943","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614943","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=614943"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614943\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=614943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=614943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=614943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}