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Infrastructure Yield Plus strategy has completed the acquisition of a 100 per cent stake in L&T Infrastructure Development Projects Limited (L&TIDPL). Larsen & Toubro had 51 per cent while Canada Pension Plan Investment Board (CPP Investments) had a 49 per cent stake in L&TIDPL.

Mumbai: Edelweiss Alternatives backed platform concludes acquisition of L&T Infrastructure Development Projects Limited (L&TIDPL)

The deal has an equity and enterprise value of $50 million and $200 million, respectively

As per the CCI, the Proposed Combination envisages the acquisition of 51 per cent and 49 per cent of equity share capital of L&T IDPL from Larsen and Toubro Limited and CPPIB India Private Holdings Inc., respectively, by ECPL; and 100 per cent of the equity share capital of KTL (a wholly-owned subsidiary of L&T IDPL) by IYP II.ECPL

The Competition Commission of India (CCI) approved the acquisition of 100 per cent of the equity share capital of L&T Infrastructure Development Projects Limited (L&T IDPL) and Kudgi Transmission Limited (KTL), by Epic Concesiones ...

As per the CCI, the Proposed Combination envisages the acquisition of 51 per cent and 49 per cent of equity share capital of L&T IDPL from Larsen and Toubro Limited and CPPIB India Private Holdings Inc., respectively, by ECPL; and 100 per cent of the equity share capital of KTL (a wholly-owned subsidiary of L&T IDPL) by IYP II.ECPL

The Competition Commission of India (CCI) on Tuesday said it has approved Reliance Retail Venture's acquisition of German firm Metro AG's wholesale operations in India.

Proceeds from this sale would amount to Rs 2,723 crore before closing adjustments and other terms of the transaction.

Get latest articles and stories on Business at LatestLY. With this, L&T will divest its entire stake in the concession subsidiary, L&T IDPL. This is in line with L&Ts strategy of reducing its exposure to the non-core asset-heavy developmental projects portfolio, according to a statement from Larsen and Toubro. Business News | Edelweiss Alternatives Acquires L-T Infrastructure Development Projects.