Larsen & Toubro Limited has executed a Business Transfer Agreement (BTA) on February 24, 2026, to sell its e-commerce platform business for industrial and construction goods, referred to as the ‘SuFin business’. The transfer is executed as a slump sale to SuFin Limited, a newly incorporated, wholly-owned subsidiary. The estimated aggregate consideration for the transfer is ₹60 crore, subject to customary closing adjustments. The transaction is structured as a related party transfer carried out at arm’s length.
Transfer of E-commerce Platform Business
Larsen & Toubro Limited announced the execution of a Business Transfer Agreement (BTA) on February 24, 2026. This agreement formalizes the transfer of the entire e-commerce platform business focusing on industrial and construction goods, known as the ‘SuFin business’, on a going concern basis.
Transaction Details and Valuation
The transfer is structured as a slump sale to SuFin Limited, which is a wholly-owned subsidiary of the Company. The aggregate consideration is estimated to be ₹60 crore, pending final closing adjustments. The expected date for the completion of the sale/disposal is on or before April 01, 2026.
Financial Metrics of the Transferred Business (FY 2024-25 Standalone)
The financial impact of the SuFin business on the Company’s figures for the last financial year was minimal:
- Revenue from Operations: ₹20.16 Crore, representing 0.01% of the total revenue (standalone) for FY 2024-25.
- Net Worth: ₹59.42 Crore as of March 31, 2025, which constituted 0.08% of the Company’s total net worth (standalone).
Parties Involved
The transaction involves a transfer from Larsen & Toubro Limited (Seller), which has standalone revenue operations of ₹1,42,509.01 Crore (representing 100% of total revenue), to the Buyer, SuFin Limited. SuFin Limited is a newly incorporated entity, established on January 2, 2026, specifically to carry on this e-commerce platform business.
Related Party Classification
It is confirmed that this transaction falls within the definition of a related party transaction. Crucially, the transfer is being carried out at “arm’s length”.
Business Areas
SuFin Limited is focused on operating the e-commerce platform for industrial and construction goods. In contrast, Larsen & Toubro Limited is described as a diversified industrial conglomerate involved in construction, engineering, manufacturing, technology, infrastructure, and various industrial machinery sectors.
Transaction Structure Compliance
The proposed transaction is structured as a slump sale via a BTA and is explicitly stated to be outside any Scheme of Arrangement. Furthermore, the disclosures indicate that SuFin Limited does not meet the threshold requirements to be classified as an “Undertaking” under Section 180(1)(a) of the Companies Act, 2013.
Source: BSE
