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&T s 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.
Larsen and Toubro on Monday said it has sold its 51 per cent in L&T Infrastructure Development Projects (L-T IDPL) to a portfolio company of Infrastructure Yield Plus II, an infrastructure fund managed by Edelweiss Alternatives.