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L&T’s arm to acquire 100% stake in SiliConch

09 Jul 2024 Evaluate

Larsen & Toubro’s (L&T) wholly owned subsidiary -- L&T Semiconductor Technologies (LTSCT) has entered into a Share Purchase Agreement on July 8, 2024 for acquisition of 100% stake in SiliConch Systems (SiliConch). The acquisition is expected to add IP, engineering skillsets and design expertise to strengthen the Group’s presence in fabless semiconductor business, and thus aligns with the overall growth strategy of LTSCT. The acquisition of SiliConch is expected to be completed by September 15, 2024, subject to customary closing conditions.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Peers
Company Name CMP
Larsen & Toubro 3858.00
Kalpataru Projects 1335.50
NCC 114.55
Rail Vikas Nigam 179.80
KEC International 329.65
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