India: L&T in talks with Canadian pension fund to sell road assets

India: L&T in talks with Canadian pension fund to sell road assets

Larsen and Toubro Ltd (L&T), the country’s largest engineering and construction firm, plans to monetize its operational road projects, held by subsidiary L&T Infrastructure Development Projects Ltd (L&T IDPL), in a deal with Canada Pension Plan Investment Board (CPPIB), according to three people with direct knowledge of the discussions between the two companies.

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