Link Legal, Gibson Dunn act on L&T's sale of subsidiary EWAC Alloys for 522 crore

Bar & Bench October 13 2017

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.

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