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L & T Deal To Cost Birlas Rs 2,200 Crore

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Our Corporate Bureau BUSINESS STANDARD

  • Open offer for cement firm at Rs 171.30 a share

The board of Larsen & Toubro today approved a plan to demerge its cement business into a separate subsidiary and cede management control to Aditya Birla group flagship Grasim Industries, ending an eight-month tussle over India

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First Published: Jun 18 2003 | 12:00 AM IST

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