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.
Larsen and Toubro Ltd (L&T)
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 June 29, 2015, Larsen and Toubro closed at Rs 1787.80, up Rs 0.00, or 0.00 percent. The 52-week high of the share was Rs 1892.95 and the 52-week low was Rs 1400.00.
The company's trailing 12-month (TTM) EPS was at Rs 54.35 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 32.89. The latest book value of the company is Rs 361.85 per share. At current value, the price-to-book value of the company is 4.94.
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