Apr 13, 2013, 01.11 PM IST | Source: Reuters

L&T to buy out Komatsu stake from equal JV

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.

L&T to buy out Komatsu stake from equal JV

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 April 17, 2014, Larsen and Toubro closed at Rs 1271.45, up Rs 10.95, or 0.87 percent. The 52-week high of the share was Rs 1325.80 and the 52-week low was Rs 678.10.


The company's trailing 12-month (TTM) EPS was at Rs 51.37 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 24.75. The latest book value of the company is Rs 272.53 per share. At current value, the price-to-book value of the company is 4.67.

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