India's L&T gains after exchanges clear plan for realty business consolidation

Larsen and Toubro

20/03/2026 05:52

** Shares of Larsen and Toubro LART.NS rise as much as 2.6% to 3,524 rupees

** The Indian infrastructure firm says exchanges have issued a no-objection letter for the transfer of its Realty Business Undertaking to L&T Realty

** Transfer through a slump sale under a scheme of arrangement was approved by board in December 2025

** Co had said the move marks the beginning of a phased consolidation of all real estate assets and undertakings to create a unified, future-ready entity

** Analysts have a "buy" rating on avg; median PT is 4,612.50 rupees - data compiled by LSEG

** YTD, LART down ~15%

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))