A proposal to purchase a 15% equity position in E2E has been made by Larsen & Toubro (L&T). According to L&T, this partnership will enable startups and companies by combining E2E Networks’ cloud and AI cloud platform with its knowledge of data center management and cloud solutions.
Furthermore, L&T intends to purchase an additional 6% of E2E Networks from its promoters; the secondary transaction is anticipated to be completed by May 30, 2025.
L&T announced this month that it would pay Rs 1,407.02 crore to purchase a 21% share in cloud services provider E2E Networks Ltd. The decision is significant because it would expand L&T’s presence in cloud and artificial intelligence services, two major growth areas in the technology industry.
With its expertise in CPU and GPU-based cloud computing systems, E2E Networks helps clients manage massive general and artificial intelligence workloads. The business has strategic alliances with top OEMs such as Dell, Microsoft, AMD, NVIDIA, and Intel.
Larsen & Toubro share price
At Rs 3,840.25, Larsen & Toubro is up 0.26% from its previous closing price. The pricing range of Larsen & Toubro has been between 3,875.85 and 3,800.00. In the past five days, Larsen & Toubro has contributed 4.51% and 8.67% so far this year. The sector P/E ratio is 10.86, whereas Larsen & Toubro’s TTM P/E ratio is 37.37.Thirty analysts have already begun covering Larsen & Toubro.
About the Company – Larsen & Toubro
L&T, or Larsen & Toubro, is a well-known Indian conglomerate. EPC (engineering, procurement, and construction) projects, high-tech manufacturing, and services are the company’s main business activities. Operating in more than 50 countries, the company has its headquarters in Mumbai, Maharashtra. The rich history of L&T extends back to the time before Indian independence. Before World War 2, two Danish engineers, Henning Holck Larsen and Soren Kristian Toubro, had visited India.
In the year following the conclusion of the war, Larsen and Toubro established L&T and set up a modest office in Mumbai. L&T initially concentrated only on civil engineering projects, including roads, bridges, and dams. As time went on, L&T diversified into producing machinery and equipment for a variety of sectors, including paper, cement, and
