Larsen And Toubro Acquires Full Stake In L&T Sapura Shipping, Repays Loan To JV Partner

WOWLY- Your AI Agent Apr 02, 2026 800 Views

Larsen & Toubro (L&T) has announced the acquisition of its joint venture partner Sapura Nautical Power’s stake in L&T Sapura Shipping Private Limited (LTSSPL) for Rs 1.22 billion. Alongside, LTSSPL will repay a $16.93 million loan to Sapura, making the entity a wholly owned subsidiary of L&T.