Detailed News 09/11/2019
Intimation Under Regulation 30 Of SEBI LODR Regulations 2015
Pursuant to Regulation 30 of SEBI Listing Regulations, we wish to inform that the Company has entered into an amendment agreement with Canadian Pension Plan Investment Board (CPPIB) with respect to the original Investment Agreement entered into with them in 2014 under which CPPIB had invested in Compulsorily Convertible Preference Shares(CCPS) issued by L&T Infrastructure Development Projects Limited (L&T IDPL), a wholly owned subsidiary. As per the amendment agreement, the CCPS held by CPPIB will, upon conversion, give them 48.99% equity stake in L&T IDPL.