Larsen & Toubro Ltd.

Engineering major L&T is in talks with Japanese conglomerates to sell stake in its fully-owned subsidiary L&T Infotech. The Indian company is in discussions with firms such as Hitachi, Mitsubishi and Fujitsu, and negotiations with at least one Japanese player has progressed to a fairly advanced stage. The Japanese player in the lead to acquire the firm could be Hitachi. The sale of the infotech business could fetch L&T anything between $700 million -1 billion.