L&T board approves merger of L&T Hydrocarbon Engineering
Larsen & Toubro on Tuesday said its board has approved the amalgamation of the company’s wholly-owned arm L&T Hydrocarbon Engineering Ltd with the parent firm.
The go-ahead was given in the meeting of board of directors held on Monday, Larsen & Toubro said in a filing to BSE.
“The board of directors of Larsen & Toubro Ltd….has considered and approved a scheme of arrangement for amalgamation of L&T Hydrocarbon Engineering Ltd (LTHE) a wholly-owned subsidiary of the company) with the company,” the filing said.
