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L&T Shares Drop From 52-Week High, Company Loses ₹50,000 Crore in Subsidiary Sell-Off
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L&T Shares Plunge from 52-Week High; ₹50,000 Crore Lost in Subsidiary Sell-Off
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CNBC TV18
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24-02-2026, 14:23
L&T Shares Plunge from 52-Week High; ₹50,000 Crore Lost in Subsidiary Sell-Off
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Larsen & Toubro (L&T) shares reversed from a 52-week high, contributing to the Nifty 50 sell-off.
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The conglomerate lost nearly ₹50,000 crore due to the sell-off in its tech subsidiaries, L&T Technology Services (LTTS) and LTIMindtree (LTM).
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LTTS and LTIMindtree shares have seen significant selling pressure in early 2026, down 28% and 25% respectively, amid AI disruption concerns.
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L&T's 68.53% stake in LTIMindtree declined by over ₹30,000 crore in two months.
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L&T's 73.58% stake in LTTS also saw a reduction of nearly ₹10,000 crore in value.
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