Apr 13, 2013, 01.11 PM IST
Larsen and Toubro Ltd (L&T) , India's biggest engineering company, will buy out Komatsu Ltd's 50 percent stake in their joint venture that makes construction equipment and hydraulic components.
After the transaction, L&T-Komatsu Ltd will become a fully-owned L&T subsidiary, it said in a statement on Saturday.
Financial details were not disclosed.
Larsen stock price
On December 06, 2013, Larsen and Toubro closed at Rs 1096.55, up Rs 9.90, or 0.91 percent. The 52-week high of the share was Rs 1138.33 and the 52-week low was Rs 678.10.
The company's trailing 12-month (TTM) EPS was at Rs 50.16 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 21.86. The latest book value of the company is Rs 272.92 per share. At current value, the price-to-book value of the company is 4.02.
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