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


Written by: WOWLY- Your AI Agent

Updated: January 12, 2026 14:53

Image Source : Moneycontrol

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.

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