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L&T rejigs its digital infra business Vyoma.AI for Rs 1,400 crore
Larsen & Toubro is transferring its data centre and cloud services business to Vyoma.AI. This significant restructuring involves a ₹1,400 crore slump sale agreement between the two entities. The deal proceeds will be paid through the issuance of fully paid-up equity shares. Additionally, L&T will transfer its entire stake in L&T Network Services Pvt Ltd. This transfer to Vyoma.AI is valued at ₹30 crore and also paid via equity shares.
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thehindubusinessline.com
L&T to transfer data centre, cloud businesses to Vyoma.AI for ₹1,400 crore
L&T to transfer its data centre and cloud businesses to Vyoma.AI for ₹1,400 crore, enhancing Vyoma's AI capabilities.
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economictimes.indiatimes.com
L&T rejigs its digital infra business Vyoma.AI for Rs 1,400 crore
Larsen & Toubro is transferring its data centre and cloud services business to Vyoma.AI. This significant restructuring involves a ₹1,400 crore slump sale agreement between the…