L&T supported by report infra unit in talks to sell stake
Mar 18 2013
The report, citing three people familiar with the negotiations, says L&T Infrastructure Development Projects is already in talks with potential buyers.
An L&T spokesman declines to comment.
"We view this news as a material positive for L&T, given that L&T IDPL has been a major overhang on the stock on back of huge investment commitments and limited cash inflow," brokerage Edelweiss said in a note seen by Reuters.