L&T buys 26 per cent in Feedback

Larsen & Tourbo (L&T), the country's largest infrastructure company, has acquired a 26 per cent equity in New Delhi-based consulting and engineering firm Feedback Ventures for Rs 40 crore.

L&T will have two nominees on the board of Feedback.

Simultaneously, the promoter group of Chairman Vinayak Chatterjee and Vice-Chairman R S Ramasubramaniam has raised its shareholding to 46 per cent by buying out two exiting shareholders. Other shareholders include HDFC (12 per cent) and IDFC (16 per cent).

The company did not name these shareholders, who sold equity to the promoter group.

"Feedback Ventures management hopes to significantly enhance its presence in most infrastructure sectors by working with L&T, both domestically and internationally," the company said.