Cyril Amarchand Mangaldas Advised Larsen & Toubro Limited On Proposed Scheme Of Arrangement With L&T Realty Properties Limited
Cyril Amarchand Mangaldas advised Larsen & Toubro Limited on proposed scheme of arrangement with L&T Realty Properties Limited
The leading law firm in India, Cyril Amarchand Mangaldas, advised Larsen & Toubro Limited (“L&T”) on the proposed scheme of arrangement amongst L&T, L&T Realty Properties Limited (“LTRPL”), and their respective shareholders under Sections 230 to 232 of the Companies Act, 2013, approved by the boards of L&T and LTRPL on December 8, 2025. The Scheme provides for, inter alia:
- (a) Transfer of the realty undertaking of L&T to LTRPL as a going concern on a slump sale basis, in consideration including issuance of equity shares of LTRPL to L&T.
- (b) Reorganisation of the share capital of LTRPL.
This transaction marks the beginning of a phased consolidation of all real estate assets and undertakings of L&T into LTRPL, creating a unified, future-ready entity capable of capitalising on India’s real estate growth.
The CAM team advising L&T was led by L. Viswanathan (Senior Partner), Sudhir Kapadia (Senior Advisor), and Bhargav Joshi (Partner), with assistance from Saumya Sharma (Associate), Ayushi Agarwal (Associate), and Arushi Kankariya (Associate).
The CAM team advising on disputes aspects comprised Indranil Deshmukh (Partner, Head - Disputes), with assistance from Tapan Deshpande (Director - Corporate Litigation) and Aekaanth Nair (Senior Associate).
The CAM advised on real estate aspects through Ashish Jain (Partner), Edward James (Partner), Rishiraj Bhatt (Partner), Abhilash Pillai (Partner), Siddharth Singh (Partner), supported by Kripa Sankari (Principal Associate), Shorya Choudhary (Principal Associate), Siddharth Iyer (Principal Associate), Pavithra Rao (Senior Associate), Nikita D'silva (Consultant), Kinnari Jain (SA – Designate), Vedantha Sai (Senior Associate), Mansi Sethiya (Associate), Januja Gathraj (Associate), Utkarsh Tyagi (Associate), Shruthi P (Associate), and Vaishnavi Joshi (Associate).
The CAM advised on employment aspects throughAnkita Ray (Partner), with support from Faiza Khan (Principal Associate) and Mayank Jain (Associate).
The CAM advised on competition law aspects throughKaustav Kundu (Partner), with support from Rajat Sharma (Senior Associate) and Vrinda Gundam (Associate).
The CAM advised on capital markets aspects through Devaki Mankad (Partner, Regional Co-Head - Capital Markets, West) and Manan Lahoty (Partner, Head - Capital Markets), with assistance from Hitesh Nagpal (Associate).
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