SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

L&T to divest its entire stake in Plastics Machinery Business

27 Aug 2012 Evaluate

Larsen & Toubro (L&T) has signed a share sale and purchase agreement, pending final closing conditions, with Toshiba Machine Company (TMC), Japan, to sell its entire stake in L&T Plastics Machinery (LTPML). The move is in line with the company’s strategic road-map to exit non-core businesses and rationalize its portfolio.

LTPML, a wholly owned subsidiary of L&T, manufactures and markets injection moulding machines. With a significant installed base of injection moulding machines across various sectors such as automotive, packaging, stationery among others, the company enjoys strong brand recognition and has valuable on-going customer relationships.

TMC is involved in the manufacture of injection moulding machines and other machinery. It has manufacturing units in Japan and China, and primarily caters to the Asian and North American markets. As a part of its strategy to expand globally with a focus on developing countries, TMC has decided to acquire L&T's stake in LTPML.

Larsen & Toubro Share Price

3973.60 -48.90 (-1.22%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3973.60
Rail Vikas Nigam 305.00
NCC 169.85
KEC International 598.10
Kalpataru Projects 1274.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×