 "Larsen & Toubro")
Engineering conglomerate Larsen & Toubro (L&T) on Wednesday plans to divest its entire stake in L&T Cutting Tools for Rs 174 crore. The sale is part of L&T’s larger strategy to focus on core business segments.
“The company has entered into a definitive agreement for the divestment of its entire stake in in L&T Cutting Tools, a wholly owned subsidiary, with IMC International Metalworking Companies BV, a company owned by Berkshire Hathaway Inc,” the company said in its statement to BSE.
L&T which has diversified into various segments and business interests in the last one decade, now looks to streamline
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