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Larsen & Toubro Ltd Approves Scheme Of Arrangement


Wednesday, 22 May 2013 04:03am EDT 

Larsen & Toubro Ltd announced that the Board of Directors at its meeting held on May 22, 2013, have approved a Scheme of Arrangement between the Company and L&T Hydrocarbon Engineering Ltd, a wholly owned subsidiary of the Company (LTHE) and their respective Shareholders and Creditors which inter alia envisages business transfer of the Hydrocarbon Independent Company undertaking along with related assets and liabilities of into LTHE and other consequential matters under the provisions of Sections 391 to 394 of the Companies Act, 1956. 

Company Quote

1600.0
-54.75 -3.31%
5:03am EDT