Schneider deal done, L&T says no more non-core divestment on the cards

Analysts remain hopeful of smaller deals, say firm may also be looking to monetise core businesses

For engineering conglomerate Larsen & Toubro (L&T), its biggest divestment deal with Schneider to sell the electrical and automation (E&A) business for Rs 140 billion marks the end of its non-core divestments, according to some company executives. 

“At some point of time, if some asset gets matured and does not fit into the core, then we unlock the value and invest it further in something else. At present, after this transaction, we do not see anything going forward,” said S N Subrahmanyan, chief executive officer and managing director for L&T.

But, the Street believes, there is more ahead for L&T, both on