India: L&T to sell port asset to Adani Group

Visuals taken from L&T website.

Diversified business conglomerate Larsen & Toubro Ltd (L&T) has signed an agreement with Adani Group to sell its Kattupalli Port in Tamil Nadu to Adani’s subsidiary Adani Kattupalli Ports Pvt Ltd, for an undisclosed amount, according to a stock market disclosure.

This is subject to receive necessary approvals.

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