Edelweiss Alternatives acquires 51 per cent in L&T arm

Larsen & Toubro sold a 51 per cent stake in the L&T Infrastructure Development Project to Edelweiss Alternatives’ portfolio company in order to decrease its exposure to non-core asset-heavy development projects. This is a major step towards the execution of the company’s strategic Lakshya 2026 plan. Edelweiss Alternatives will become one of the leading infrastructure investors in India as a result of this transaction.