MoneyWorks4Me

L&T to sell stake in EWAS Alloys to ESAB Holdings

12 Oct 2017 Evaluate

Larsen & Toubro (L&T) has entered into a definitive agreement with ESAB Holdings to sell its entire stake in its wholly-owned arm EWAS Alloys for Rs 522 crore. EWAC Alloys is a wholly-owned subsidiary of Larsen & Toubro. The completion of the sale is subject to customary closing conditions.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $17 billion in revenue. It operates in over 30 countries worldwide.

 

Peers
Company Name CMP
Larsen & Toubro 3830.15
Kalpataru Projects 1399.50
NCC 135.65
Rail Vikas Nigam 201.15
KEC International 401.55
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