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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Kisan Ratilal Choksey Shares and Securities Private Limited

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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. 

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