L&T to buy 21% of E2E Networks to up cloud services play
Larsen & Toubro (L&T) is investing Rs 1,407 crore in E2E Networks for a 21% stake. The deal gives L&T two board seats and the right of first refusal for future share purchases. L&T aims to be a minority shareholder, supporting its AI and cloud strategy without gaining control of the New Delhi-based company.