L&T Realty Acquires 100% Stake in International Green Scapes for ₹1,123 Crore

Mumbai, April 10, 2026: Larsen & Toubro Limited (L&T) has announced the acquisition of a 100% equity stake in International Green Scapes Limited (IGSL) through its wholly owned subsidiary L&T Realty Properties Limited (L&T RPL). This strategic move aims to expand L&T's real estate business and leverage IGSL's land assets for future development projects.

The transaction details include a total consideration of ₹1,123 crore, with the payment to be made in cash. L&T RPL will acquire 58,23,425 equity shares, making IGSL a wholly owned subsidiary of L&T post-transaction.

The acquisition aligns with L&T’s broader strategy of strengthening its presence in the Indian real estate sector. According to the company’s filing, IGSL’s land assets will be crucial for expanding L&T Realty’s development portfolio, particularly in high-demand urban areas.

International Green Scapes Limited (IGSL) is a real estate development company incorporated on November 22, 1993. The company holds licenses for residential projects in Gurugram, Haryana. Despite having a strong land bank, IGSL reported a NIL turnover for the fiscal years 2022-23, 2023-24, and 2024-25.

The acquisition does not require any additional governmental or regulatory approvals and is expected to be completed by April 15, 2026. This swift execution underscores L&T’s commitment to strategic growth and market leadership in the real estate sector.

Larsen & Toubro Limited is one of India’s leading engineering, construction, manufacturing, and technology conglomerates with diversified operations across infrastructure and real estate. L&T Realty Properties Limited, a wholly owned subsidiary, is responsible for the group’s real estate development and investment activities.

L&T is listed on the BSE Limited (Stock Code: 500510) and the National Stock Exchange of India (Symbol: LT). The company’s strong market presence and robust financial health position it well to capitalize on the growing demand for high-quality residential and commercial properties in India.

The acquisition is expected to have a positive market impact, strengthening L&T’s real estate pipeline, particularly in high-value urban development zones like Gurugram, where demand for residential projects remains strong. This move reinforces L&T’s position in India’s infrastructure and development ecosystem, highlighting its commitment to strategic asset acquisitions and subsidiary-led investments.

In conclusion, the ₹1,123 crore acquisition of IGSL by L&T Realty is a significant step towards expanding L&T’s real estate footprint and enhancing its market position in the Indian real estate sector. It demonstrates L&T’s strategic vision and financial strength, ensuring continued growth and value creation for its stakeholders.