Larsen and Toubro arm proposes to set up infrastructure investment trust

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New Delhi | September 2, 2017 8:19 PM

Larsen and Toubro today said its arm L&T IDPL has proposed to set up an infrastructure investment trust.

Larsen and Toubro, Larsen and Toubro news, Larsen and Toubro latest news, Larsen and Toubro infrastructure investment, Larsen and Toubro investmentLarsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with $17 billion in revenue. (Reuters)

Larsen and Toubro today said its arm L&T IDPL has proposed to set up an infrastructure investment trust. “Our subsidiary company L&T IDPL (L&T Infrastructure Development Projects Ltd) proposes to establish an infrastructure investment trust in the name of IndInfravit Trust under the provisions of the InvIT Regulations,” the engineering conglomerate said in a BSE filing. In this regard, an application for registration of the InvIT as an infrastructure investment trust was filed by L&T IDPL with Securities and Exchange Board of India (SEBI) yesterday, it said.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with USD 17 billion in revenue. It operates in over 30 countries worldwide.

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