MoneyWorks4Me

L&T to sell entire stake in L&T Kobelco Machinery

03 Apr 2019 Evaluate

Larsen & Toubro (L&T) has entered into a definitive agreement with Kobe Steel, a company registered in Japan, on April 2, 2019 for the divestment of its entire stake in L&T Kobelco Machinery, a 51:49 joint venture between L&T and Kobe Steel.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

Peers
Company Name CMP
Larsen & Toubro 3885.00
Kalpataru Projects 1435.40
NCC 137.65
Rail Vikas Nigam 208.55
KEC International 398.20
View more..