L&T extends Hyderabad Metro stake sale deadline to Dec 31

Larsen & Toubro announced on Wednesday that it has pushed back the completion deadline for selling its stake in L&T Metro Rail (Hyderabad) Ltd to December 31.

Under an agreement signed with Telangana government enterprise Hyderabad Metro Rail Ltd, L&T plans to divest its full stake in LTMRHL for Rs 1,461.47 crore.

The entity has grappled with various structural, financial, and regulatory hurdles regarding L&T Metro Rail (Hyderabad) Ltd (LTMRHL).


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"...to our earlier intimations dated April 29, 2026 and July 1, 2026...we hereby inform you that the estimated completion date for the aforesaid transaction has been revised to December 31, 2026," L&T said in a filing to BSE.

Back in April, L&T initially targeted a divestment closure of June 30, 2026, before later extending the expected timeline to September 30.

Citing operational stress and accumulated losses, L&T had previously signaled its intent to transfer its more than 90 per cent holding in the Hyderabad metro rail project to either the state or central government via a new special purpose vehicle.