Bangalore Metro sales date extended until December 31.

Hyderabad-based Larsen &amp, Toubro ( L&amp, T ) announced on Wednesday that the company’s deadline for closing the sale of its stake in Hyderabad Metro will be December 31. This is the next year’s improvement.

L&T had consented to market Bangalore Metro Rail Ltd.’s total stake in the Deccan metro company for Rs 1, 461.47 crore. It was originally anticipated to close the deal by June 30; however, that date was postponed to September 30.

L&amp, T announced its leave due to operating and accumulated deficits and owns more than 90 % of the Hyderabad rail project.

L&T Metro Rail claimed that despite repeated follow-ups, the Congress-run Telangana government lacked the fiscal support, adding to the company’s financial strain.