Larsen & Toubro Limited (L&T) has acquired the remaining 26 per cent stake in L&T Special Steels and Heavy Forgings Private Limited (LTSSHF) from Nuclear Power Corporation of India Limited (NPCIL), making it a wholly owned subsidiary of the company.
The acquisition, classified as a related party transaction under SEBI Listing Regulations, was executed at arm’s length. Prior to this, L&T already held a 74 per cent stake in LTSSHF. LTSSHF operates in the special steel and heavy forgings industry.