L&T Completes Buyout of JV Partner Stake in L&T Sapura Shipping
Mumbai, January 21, 2026 – Larsen & Toubro Limited (L&T), the Indian multinational engaged in technology, engineering, construction, manufacturing, and financial services, announced a significant corporate development today.
The company has completed the acquisition of 6,35,41,233 equity shares in L&T Sapura Shipping Private Limited from its joint venture partner, Sapura Nautical Power Pte Ltd. This transaction follows the initial intimation made to the exchanges on January 12, 2026.
Key Implications:
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Full Ownership: With this acquisition, L&T now holds 100% of the share capital in L&T Sapura Shipping Private Limited.
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Change in Status: Consequently, L&T Sapura Shipping Private Limited has transitioned from a joint venture to a wholly-owned subsidiary of Larsen & Toubro Limited.
Strategic Rationale:
While the specific financial details of the transaction were not disclosed in this filing, such a move typically allows the parent company, L&T, to exercise complete strategic control over the subsidiary's operations. Gaining full ownership of L&T Sapura Shipping enables L&T to integrate the marine and shipping business more closely into its core infrastructure and energy portfolios, streamline decision-making, and potentially unlock synergies within its vast project execution ecosystem.
About the Entities:
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Larsen & Toubro Limited (L&T) is one of India's largest and most respected companies, with a significant global footprint in engineering and construction projects.
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L&T Sapura Shipping Private Limited is involved in marine construction and offshore support services, a critical segment for energy and infrastructure projects.
This consolidation reinforces L&T's commitment to strengthening its in-house capabilities in the marine and offshore domain, a sector vital for the nation's energy security and port-led infrastructure development.
Regulatory Compliance:
The intimation was signed by Mr. Subramanian Narayan, Company Secretary & Compliance Officer of Larsen & Toubro Limited, and has been duly filed with the BSE Limited and the National Stock Exchange of India Limited.