Larsen & Toubro Share Price in Focus; Sells Hyderabad Metro Stake for ₹1,461.47 Crore

Larsen & Toubro Limited has signed a share purchase agreement to divest its entire holding in L&T Metro Rail (Hyderabad) Limited (LTMRHL), as per an exchange filing dates April 29, 2026.  

The agreement was executed on 29 April 2026 with Hyderabad Metro Rail Limited, a Government of Telangana enterprise.  

The transaction is expected to be completed by 30 June 2026, subject to standard closing conditions. Upon completion, LTMRHL will no longer remain a subsidiary of the company.  

Deal Size and Structure 

The sale involves 741.29 crore equity shares for a total consideration of ₹1,461.47 crore. The payment will be received at the time of closing, with adjustments as applicable.  

Hyderabad Metro Rail Limited, the buyer, is a state-owned entity. The company has clarified that the transaction does not fall under related party dealings.  

Financial Position of the Unit 

For the financial year ended 31 March 2025, LTMRHL reported revenue of ₹1,100.13 crore. This accounted for 0.43% of Larsen & Toubro’s consolidated revenue.  

Its net worth stood at ₹807.49 crore, representing 0.83% of the consolidated net worth. These figures indicate a relatively small share in the company’s overall financials.  

Post-Transaction Implications 

Following the completion of the transaction, Hyderabad Metro Rail Limited plans to refinance the existing debt of LTMRHL. As part of this process, corporate guarantees and letters of comfort issued by Larsen & Toubro in relation to the metro business are expected to be released.  

The company has stated that the sale is not part of any scheme of arrangement and has been disclosed in line with regulatory requirements.  

Read More: Vedanta Share Price in Focus; Post Demerger, Trading of Newly Listed Companies Will Begin Mid-June! 

Larsen & Toubro (L&T) Share Price Performance  

As of April 30, 2026, 10:53 am, Larsen and Toubro (L&T) share price was trading at ₹4,005.30, down 2.19% from the previous closing price. 

Conclusion 

The divestment transfers full ownership of the Hyderabad metro project to a government entity. After completion, the business will be removed from Larsen & Toubro’s subsidiary structure. 

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