Hyderabad Metro Rail Limited (HMRL) has signed a share purchase agreement with Larsen & Toubro Limited and L&T Metro Rail (Hyderabad) Limited (LTMRHL) to acquire 100 per cent equity shares of LTMRHL for Rs 14.61 billion.
The existing debt of LTMRHL, amounting to Rs 135.38 billion as of April 30, 2026, will be refinanced with a guarantee from the Government of Telangana. IDBI Capital acted as the transaction advisor, while Saraf & Partners provided legal advisory services.
The project consists of three corridors, viz. Miyapur-L.B. Nagar corridor (Corridor I), JBS-Falaknuma corridor (Corridor II) and Nagole-Shilparaman-Raidurg corridor (Corridor III).