{"id":537925,"date":"2022-11-23T11:24:54","date_gmt":"2022-11-23T05:54:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=537925"},"modified":"2022-11-23T12:35:50","modified_gmt":"2022-11-23T07:05:50","slug":"lt-buys-japan-based-chiyodas-entire-stake-in-jv-ltc-for-rs-75-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-buys-japan-based-chiyodas-entire-stake-in-jv-ltc-for-rs-75-cr\/","title":{"rendered":"L&amp;T buys Japan-based Chiyoda&#8217;s entire stake in JV LTC for Rs 75 cr"},"content":{"rendered":"<p>Larsen &amp; Toubro (L&amp;T) on Tuesday said it has bought the entire stake held by Chiyoda Corporation in L&amp;T-Chiyoda Ltd for Rs 75 crore.<\/p>\n<p>L&amp;T-Chiyoda Ltd (LTC) is a joint venture between L&amp;T and Japan-based Chiyoda Corporation (Chiyoda).<\/p>\n<p>The buyout is likely to be completed by the end of next month, the engineering and construction conglomerate said in a regulatory filing.<\/p>\n<p>&#8220;The acquisition is a related party transaction and approval of the audit committee and board of L&amp;T have been taken,&#8221; the filing said.<\/p>\n<p>LTC was formed with an aim to provide engineering and related services for the hydrocarbon industry to support L&amp;T&#8217;s EPC business in the domestic and international market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Larsen &amp; Toubro (L&amp;T) on Tuesday said it has bought the entire stake held by Chiyoda Corporation in L&amp;T-Chiyoda Ltd for Rs 75 crore. L&amp;T-Chiyoda Ltd (LTC) is a joint venture between L&amp;T and Japan-based Chiyoda Corporation (Chiyoda). The buyout is likely to be completed by the end of next month, the engineering and construction conglomerate said in a regulatory filing. &#8220;The acquisition is a related party transaction and approval of the audit committee and board of L&amp;T have been taken,&#8221; the filing said. LTC was formed with an aim to provide engineering and related services for the hydrocarbon industry [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-537925","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/537925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=537925"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/537925\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=537925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=537925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=537925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}