L&T to acquire Sapura Nautical Power's share in JV for INR 1.22 bln
This story was originally published at 17:01 IST on 12 January 2026
Register to read our real-time news.Informist, Monday, Jan. 12, 2026
--L&T to buy 63.5 mln shares of JV L&T Sapura Shipping for INR 1.22 bln
--L&T's JV to repay shareholders' loan of $16.93 mln to Sapura Nautical
--L&T Sapura Shipping to become wholly-owned arm of L&T post stake buy
NEW DELHI - Larsen & Toubro Ltd. Monday said it has signed a share purchase agreement to acquire Sapura Nautical Power Pte. Ltd.'s shareholding in their joint venture, L&T Sapura Shipping Pvt. Ltd. The engineering behemoth holds 60% in the joint venture. It will acquire Sapura Nautical's 40% stake in L&T Sapura by purchasing its 63.54 million equity shares for INR 1.22 billion, it said in an exchange filing. Additionally, L&T will repay the shareholders' loan outstanding worth $16.93 million to Sapura Nautical.
The acquisition is expected to be completed by the end of January, L&T said. The joint venture will then become a wholly-owned arm of L&T. L&T Sapura, which is engaged in operations related to the oil and gas and maritime and shipping sectors, was incorporated in September 2010. It owns and operates a heavy lift-cum-pipe lay vessel used to install offshore platforms and lay pipes and cables under the sea for the hydrocarbon upstream industry.
For the September quarter, L&T had reported a consolidated net profit of INR 39.26 billion on a revenue of INR 679.84 billion. Monday, shares of L&T closed slightly lower on the National Stock Exchange at INR 4,019. End
US$1 = INR 90.15
Reported by Anand JC
Edited by Rajeev Pai
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
