Larsen & Toubro Limited announced the successful completion of the transfer of its e-commerce platform business, the “L&T SuFin business,” to its wholly owned subsidiary, SuFin Limited. This transfer was executed today, March 31, 2026, via a slump sale as stipulated in the Business Transfer Agreement (BTA) signed on February 24, 2026. The total consideration finalized for the sale amounts to ₹42.9 Cr, subject to any post-closing adjustments.
Completion of Business Transfer Agreement
Larsen & Toubro Limited has confirmed the successful conclusion of the transfer of the L&T SuFin business, which pertains to its e-commerce platform for industrial and construction goods. This strategic move was executed today, March 31, 2026.
Transaction Details
The transfer was carried out on a going concern basis through a slump sale mechanism to SuFin Limited, which is a wholly owned subsidiary of the Company. This action follows the previously intimated Business Transfer Agreement (BTA) that was originally executed on February 24, 2026.
Consideration Value
The total consideration agreed upon for the transfer of the L&T SuFin business is finalized at ₹42.9 Crore. The announcement notes that this figure is subject to potential post-closing adjustments that may occur after the finalization of accounts.
Confirmation
The Company has formally requested relevant stock exchanges to take this update regarding the completion of the business transfer on record.
Source: BSE
