L&T Acquires 21% Stake In E2E Networks For Rs 1,327 Cr
The all-cash transaction, valued at Rs 1,327 crore, will see L&T purchase 4.17 million equity shares of E2E Networks
Engineering giant Larsen & Toubro (L&T) announced a major investment in the Indian cloud computing sector with its acquisition of a 21 per cent stake in E2E Networks, an artificial intelligence (AI) cloud provider.
The all-cash transaction, valued at Rs 1,327 crore, will see L&T purchase 4.17 million equity shares of E2E Networks. This partnership will expand L&T’s capabilities in AI and cloud technology, combining E2E’s specialised cloud services with L&T’s expertise in data centre management.
The acquisition comes with plans for collaboration, allowing L&T to integrate E2E’s advanced CPU- and GPU-based cloud platforms into its service offerings. This move will possibly position L&T to offer secure, scalable, and efficient cloud experiences to a growing market of enterprises and startups.
The agreement also grants L&T the right to nominate up to two directors on E2E's board, reinforcing their influence and guidance within the company.
In a statement, Seema Ambastha, Chief Executive of L&T Data Center and Cloud Business, said, “Collaborating with E2E Networks allows us to offer our clients seamless, scalable and secure cloud experiences. By combining our capabilities, we are delivering a cloud ecosystem designed for businesses in India that want to drive growth, optimise costs and unlock the full potential of AI and digital transformation.”
E2E Networks, under the leadership of Chairman and Managing Director Tarun Dua, specialises in cloud platforms designed for high-performance workloads. Their solutions, including the TIR AI/ML platform and Nvidia-powered cloud GPUs like A100, H100, and H200, are optimised for demanding AI applications.
Dua stressed the partnership’s role in advancing India’s capabilities in domestically built hyperscale cloud platforms, especially in the AI domain. By joining forces, L&T and E2E Networks aim to empower enterprises across India, offering enhanced cloud infrastructure that supports both innovative startups and established organisations.
