L&T Realty Properties, the real estate arm of Larsen & Toubro (L&T), has successfully acquired a 100% stake in International Green Scapes Limited (IGSL) for ₹1,123 crore (approximately $135 million USD) in an all-cash transaction. This acquisition involves 58,23,425 equity shares, granting L&T complete ownership and control over IGSL, which possesses development rights in Gurugram, Haryana, India. The move is part of L&T's strategy to bolster its residential portfolio in the region, leveraging IGSL's land bank for future projects. Notably, IGSL has reported no turnover over the past three financial years, including FY23, FY24, and FY25. The deal does not require any regulatory approvals and is expected to be finalized by April 15, 2026. Meanwhile, L&T's consolidated net profit saw a decline of 4.27% year-on-year to ₹3,215.11 crore in Q3 FY26, despite a 10.48% increase in revenue from operations, which reached ₹71,449.70 crore.