MoneyWorks4Me

Larsen & Toubro gets nod for scheme of arrangement

24 Dec 2013 Evaluate

Larsen & Toubro‘s wholly owned subsidiary- L&T Hydrocarbon Engineering (LTHE) has received an approval from High Court of Bombay for Scheme of Arrangement between Larsen & Toubro and LTHE.

The Scheme will be effective once the Court order is received and filed with the Registrar of Companies, in due course.

Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector. More than seven decades of a strong, customer-focused approach and the continuous quest for world-class quality have enabled it to attain and sustain leadership in all its major lines of business.

Peers
Company Name CMP
Larsen & Toubro 3620.50
Kalpataru Projects 1403.00
NCC 119.95
Rail Vikas Nigam 187.10
KEC International 349.85
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