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L&T completes acquisition of Airbus DS’ entire stake in LTCL

03 Oct 2017 Evaluate

Larsen & Toubro’s (L&T) has completed the purchase of the entire stake held by Airbus Defence and Space GmbH (Airbus DS) in L&T Cassidian (LTCL) -- a joint venture between L&T and Airbus DS, in accordance with the Share Purchase Agreement.

LTCL is a 74% subsidiary of L&T. Balance 26% stake is held by Airbus DS which has been acquired by L&T at a price as determined by an Independent valuer, thus making LTCL a wholly owned subsidiary.

Larsen & Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.

Larsen & Toubro Share Price

4075.75 25.75 (0.64%)
21-Apr-2026 16:59 View Price Chart
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Company Name CMP
Larsen & Toubro 4075.75
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