Larsen & Toubro (L&T), a leading infrastructure and technology conglomerate, announced on December 4 that it has completed the acquisition of a 15% stake in E2E Networks Ltd through a preferential allotment. Additionally, the company is set to acquire another 6% stake from E2E Networks’ promoters, with the secondary transaction expected to conclude by May 30, 2025.
Last month, L&T revealed its plan to secure a 21% stake in the cloud services provider for a total investment of ₹1,407.02 crore. This includes ₹1,079.27 crore for the 15% stake acquired via preferential allotment and ₹327.75 crore for the remaining 6% stake through a secondary purchase.
E2E Networks is known for its expertise in offering CPU and GPU-based cloud platforms that support large-scale general and AI workloads. The company has established partnerships with industry giants like NVIDIA, Intel, AMD, Microsoft, and Dell, further enhancing its position in the cloud computing and AI sector. This strategic investment by L&T strengthens its foothold in the rapidly expanding cloud and artificial intelligence space.
E2E Networks is a pioneering cloud services provider specializing in CPU and GPU-based cloud computing platforms. The company enables businesses to handle large-scale general computing and artificial intelligence workloads efficiently, leveraging advanced technologies and strategic partnerships with industry leaders such as NVIDIA, Intel, AMD, Microsoft, and Dell.
Known for its high-performance solutions, E2E Networks supports enterprises across diverse domains by offering scalable, reliable, and cost-effective infrastructure. Its focus on integrating cutting-edge technology makes E2E Networks a key player in the rapidly evolving cloud and AI sectors.
Larsen & Toubro (L&T) is a globally recognized Indian multinational engaged in engineering, construction, manufacturing, and technology services. With a legacy spanning over eight decades, L&T is renowned for its expertise in delivering complex infrastructure projects, cutting-edge technology solutions, and sustainable development initiatives.
The company operates across diverse sectors, including power, transportation, water, smart cities, and defense, showcasing its commitment to innovation and operational excellence. L&T’s focus on digital transformation and strategic investments in emerging fields like cloud computing and artificial intelligence underscores its dedication to remaining at the forefront of industry advancements.
