L&T arm proposes to set up infra investment trust
Larsen and Toubro today said its arm L&T IDPL has proposed to set up an infrastructure investment trust.
"Our subsidiary company L&T IDPL (L&T Infrastructure Development Projects Ltd) proposes to establish an infrastructure investment trust in the name of IndInfravit Trust under the provisions of the InvIT Regulations," the engineering conglomerate said in a BSE filing.
In this regard, an application for registration of the InvIT as an infrastructure investment trust was filed by L&T IDPL with Securities and Exchange Board of India (SEBI) yesterday, it said.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with USD 17 billion in revenue. It operates in over 30 countries worldwide.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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