Larsen & Toubro Transfers SuFin Business to Wholly Owned Subsidiary for ₹60 Crore
New Delhi, Feb 24, 2026: Larsen & Toubro Limited (L&T) has informed the stock exchanges that it has executed a Business Transfer Agreement (BTA) on February 24, 2026, for the transfer of its SuFin e-commerce platform business pertaining to industrial and construction goods to SuFin Limited, a wholly owned subsidiary of the Company.
The transaction is being carried out on a going concern basis through a slump sale for an aggregate cash consideration estimated at ₹60 crore, subject to closing adjustments. The sale is expected to be completed on or before April 1, 2026. The disclosure has been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.
Financial Contribution of SuFin Business (FY 2024-25)
The SuFin business contributed revenue from operations of ₹20.16 crore on a standalone basis for FY 2024-25, representing 0.01% of the total standalone revenue of L&T, which stood at ₹1,42,509.01 crore.
The net worth of the SuFin business as on March 31, 2025 was ₹59.42 crore, accounting for 0.08% of the Company’s standalone net worth.
Transaction Details
SuFin Limited, incorporated on January 2, 2026, is a wholly owned subsidiary of Larsen & Toubro Limited and has been set up to carry on the e-commerce platform business for industrial and construction goods.
The transaction qualifies as a related party transaction and is being undertaken at arm’s length. The proposed slump sale is outside the Scheme of Arrangement and does not meet the threshold requirements of an “Undertaking” under Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of the SEBI LODR Regulations.
There will be no change in the shareholding pattern of Larsen & Toubro Limited pursuant to this transaction.
About Larsen & Toubro Limited
Larsen & Toubro Limited is a diversified industrial conglomerate engaged in engineering, construction, manufacturing, technology services, global infrastructure, hydrocarbon, heavy engineering, energy, shipbuilding, aerospace, mining and minerals, and other critical sectors of the economy.
Stock Exchange Details:
BSE Code: 500510
NSE Symbol: LT
The intimation was signed by Subramanian Narayan, Company Secretary & Compliance Officer.