At meeting held on 07 November 2016
Larsen & Toubro announced that the Board of Directors of the Company at its meeting held on 07 November 2016 considered and approved a scheme of arrangement (demerger) between the Company and L&T Valves, a wholly owned subsidiary of the Company.The division to be demerged comprises of land and building and certain plant and machinery owned by the Company at Coimbatore (Coimbatore Undertaking).
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content