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Larsen & Toubro Ltd Acquisition Of Audco India Ltd-Business Standard


Thursday, 28 Mar 2013 10:39am EDT 

Business Standard reported that Larsen & Toubro Ltd has completed the acquisition of its group firm, Audco India Ltd. As a result of these transactions, L&T obtains full ownership of AIL and acquires the key product lines, viz, Gate, Globe and Check valves, Forged Steel GGC valve. It added that L&T will retain the manufacturing plants of AIL at Manapakkam, Chennai and Kanchipuram. The Company, however, did not disclose the deal value. The shareholding structure of AIL, prior to the deal, was not immediately available. 

Company Quote

1574.9
54.25 +3.57%
6:24am EDT