Larsen & Toubro (L&T), an engineering and construction conglomerate, announced that the share purchase agreement executed by L&T Infrastructure Development Projects ('L&TIDPL') and Tata Steel ('Tata Steel') with Adani Ports and Special Economic Zone ('APSEZ') the sale by L&TIDPL and Tata Steel to APSEZ of 100% stake in the Dhamra Port Company has been completed.

Earlier on May 16, 2014 the share purchase agreement was executed between the companies.

Shares of the company declined Rs 32.1, or 1.9%, to settle at Rs 1,653.65. The total volume of shares traded was 125,726 at the BSE (Monday).