Mumbai: Larsen & Toubro will transfer its real estate business to L&T Realty Properties, a wholly owned subsidiary of the company, for Rs 6,297 crore as part of a restructuring effort. The decision was made at the Monday board meeting held in Muscat, Oman. The real estate business generated revenue of Rs 641 crore during the first half of FY26, accounting for 0.93% of L&T’s standalone revenues. In a regulatory filing, L&T said L&T Realty Properties will issue 393.53 lakh shares with a face value of Rs 10 each at a premium of Rs 6 each to the company. The total value of the deal is Rs 6,297 crore. The consideration will be discharged on an “arm’s length” basis, L&T said, based on a valuation report issued by SSPA & Co, a CA firm, and the fairness opinion on the valuation report issued by Inga Ventures, an investment banking firm. L&T Realty Properties had revenues of Rs 202 crore in first half of FY26.
