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L&T gets nod to merge L&T Shipbuilding with itself

13 May 2019 Evaluate

Larsen & Toubro (L&T) has received approval for scheme of arrangement for merger of Wholly-owned Subsidiary -- L&T Shipbuilding (LTSB) with the Company. The Scheme is subject to necessary statutory and regulatory approvals including the approvals of the National Company Law Tribunal/other regulatory authority and the respective Shareholders and Lenders/Creditors of each of the companies involved in the scheme. The Board of Directors of the Company at its meeting held on May 11, 2019 has approved the same.

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

Larsen & Toubro Share Price

3927.85 -18.70 (-0.47%)
13-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3927.85
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