Larsen & Toubro Share Price in Focus; Its Arm L&T Realty to Acquire 100% Stake in IGSL for ₹1,123 Crore

Larsen & Toubro Limited has announced a strategic acquisition through its wholly owned subsidiary, L&T Realty Properties Limited, as the company looks to expand its real estate footprint.  

The transaction is aimed at enhancing the group’s development pipeline through land-led portfolio expansion. 

Key Development: Strategic Real Estate Expansion via ₹1,123 Crore Acquisition 

The primary development involves an all-cash acquisition of 58,23,425 equity shares of International Green Scapes Limited, representing a complete 100% stake in the entity.  

This investment, totaling ₹1,123 crore, is specifically designed to allow L&T Realty to leverage strategic land parcels owned by IGSL to enhance and expand its current real estate development portfolio.  

The acquisition is expected to be finalised by April 15, 2026, marking a swift execution of the company’s expansion strategy in the real estate sector. 

Target Entity Profile and Strategic Rationale   

International Green Scapes Limited is a real estate company incorporated in 1993 with established licenses to develop residential properties in Gurugram, Haryana.  

While the entity has reported a turnover of nil for the last three financial years, its primary value is derived from its underlying real estate holdings and development licenses.  

L&T RPL intends to utilise these assets to focus on high-potential residential markets, ensuring the transaction is conducted at arm’s length without any interest from the group’s promoter circle.  

Read More: Why Larsen & Toubro Share Price Jumped Over 8% Today? 

Larsen & Toubro Share Price Performance  

As of April 10, 2026, at 3:30 PM, Larsen and Toubro Ltd share price closed at ₹3,961 per share, reflecting a surge of 1.66% from the previous closing price.  

Conclusion 

The acquisition of International Green Scapes Limited by L&T’s subsidiary highlights a clear strategic intent to scale its presence in the premium real estate market. By securing 100% control of the entity and its development licenses, the company is well-positioned to diversify its portfolio and capitalise on growing demand for residential infrastructure.  

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