Engineering major Larsen and Toubro Ltd (L&T) is selling its unlisted subsidiary EWAC Alloys Ltd as part of its strategy to exit non-core businesses..Larsen and Toubro has entered into a definitive agreement with ESAB Holdings Ltd, a company registered in the UK, to sell EWAC Alloys for Rs522 crore, reported Mint..Link Legal India Law Services acted for Larsen and Toubro group and the team included Partner Manish Gupta, Associate Partner Alok Sonker, Senior Associate Shivam Tandon and Associate Keya Salot..The acquirer ESAB was represented by Partner Jai Pathak and Associate Attorney Karthik Ashwin Thiagarajan of Gibson, Dunn & Crutcher LLP, Singapore.
Engineering major Larsen and Toubro Ltd (L&T) is selling its unlisted subsidiary EWAC Alloys Ltd as part of its strategy to exit non-core businesses..Larsen and Toubro has entered into a definitive agreement with ESAB Holdings Ltd, a company registered in the UK, to sell EWAC Alloys for Rs522 crore, reported Mint..Link Legal India Law Services acted for Larsen and Toubro group and the team included Partner Manish Gupta, Associate Partner Alok Sonker, Senior Associate Shivam Tandon and Associate Keya Salot..The acquirer ESAB was represented by Partner Jai Pathak and Associate Attorney Karthik Ashwin Thiagarajan of Gibson, Dunn & Crutcher LLP, Singapore.
