According to a statement released to the press L&T Realty Developers Ltd, a faction of the construction and infrastructure giant Larsen and Toubro, will sell their stake in the engineering and construction conglomerate Think Tower Developers Pvt. Ltd. The agreement will be executed in the end of the month, subject to completion of closing conditions set forth by both parties. The stake is being sold to Mr Pratik Harsha Kalsariya, who does not belong to the promoter group.
According to a statement released to the press L&T Realty Developers Ltd, a faction of the construction and infrastructure giant Larsen and Toubro, will sell their stake in the engineering and construction conglomerate Think Tower Developers Pvt. Ltd. The agreement will be executed in the end of the month, subject to completion of closing conditions set forth by both parties. The stake is being sold to Mr Pratik Harsha Kalsariya, who does not belong to the promoter group.
L&T Realty is a real estate development company that is a part of Larsen & Toubro, a multinational engineering and construction conglomerate based in India. The company is involved in the development of residential, commercial, and retail properties in India, and has completed several high-profile projects in various cities across the country. Some of L&T Realty's notable developments include World One, a residential tower in Mumbai that is one of the tallest buildings in the world; L&T Seawoods Estate, a residential complex in Navi Mumbai; and L&T South City, a mixed-use development in Bangalore. In addition to its real estate development activities, L&T Realty also offers property management and leasing services.
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