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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 3699.10
Kalpataru Projects 1393.45
NCC 125.10
Rail Vikas Nigam 190.50
KEC International 369.70
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