Apr 15, 2013, 08.42 AM | Source: Reuters
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.
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