Larsen & Toubro Ltd . (L&T), India's largest infrastructure conglomerate, is also feeling the pinch of the broader market underperformance. This is through its investment in E2E Networks, the value of which has seen a significant correction due to the pain among the midcap and smallcap stocks, and E2E is not insulated from that either.

Back in November 2024, L&T had announced that it has signed an investment agreement with E2E Networks, committing a total investment of ₹1,407.02 crore. Of this, L&T was issued preferential shares for a 15% stake worth ₹1,079.2 crore, exactly a year ago, on December 5, 2024. The preferential shares were issued at a price of ₹3,622.25 per share.

From when the deal was first announced, shares of E2E networks are down 61% from the intraday high of ₹5,487, wh

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