Larsen & Toubro Limited (BSE:500510) agreed to acquire remaining 50% stake in L&T-Chiyoda Limited from Chiyoda Corporation (TSE:6366) for INR 750 million on November 22, 2022. The Turnover of L&T-Chiyoda Limited is INR 3,248 million. Acquisition is expected to be completed by December 31, 2022.

As of December 31, 2022, transaction is expected to close on January 31, 2023.Gopika Pant and Vineet Gupta, Nishant Kulhari from Indian Law Partners acted as legal advisors to Chiyoda Corporation (TSE:6366) in the transaction. Mori Hamada & Matsumoto?s Japan and Singapore offices acted as international counsel for Chiyoda.