Edelweiss Group, a financial services company, agreed to acquire L&T Infrastructure Development Projects, a construction engineering company, from Larsen & Toubro, an engineering company, and Canada Pension Plan Investment Board, a private equity firm, for $725m. L&T IDPL will be acquired by Epic Concesiones Private Limited, a portfolio company of Infrastructure Yield Plus strategy, managed by Edelweiss Alternative Asset Advisors Limited. L&T IDPL, a significant participant in the Indian infrastructure sector, holds assets including operational toll and annuity road concessions and power transmission lines.