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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

4128.05 115.40 (2.88%)
04-May-2026 11:53 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4128.05
Rail Vikas Nigam 300.25
NCC 166.05
KEC International 584.30
Kalpataru Projects 1305.90
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