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Advent, KKR make Rs 3,000 crore offers for L&T's valves armNaik confirmed that KKR and Advent are among the suitors for the valves unit. But no deal has been sealed yet, he added.- KKR in talks to buy stake in L&T ValvesL&T Valves, a more than five decade-old-company, clocked revenues of Rs 1,465 crore and profits of Rs 138 crore in fiscal 2016.
- Finnish firm Metso and US-listed Pentair emerge as frontrunners to acquire L&T's valves businessThe sale of the unit is part of an exercise by L&T to exit non-core businesses and sell stakes in others to streamline operations.
- L&T Valves eyes Rs 2,000 cr income by FY'16 on export pushL&T Valves, a wholly-owned subsidiary of engineering major Larsen & Toubro, is eyeing Rs 2,000-crore revenues, mainly driven by exports, by...
- Sensex rallies, Nifty scales 5700; fifteen stocks in focusSensex began the first day of April on a positive note even as the Asian markets remained mixed on tension between North Korea and the US.
- Fifteen stocks in focus in Monday morning tradeIndian shares are expected to trade in a range with a negative bias . Here is a list of fifteen stocks that are likely to be in action toda...
- L&T completes acquisition of Audco India LtdInfrastructure major Larsen and Toubro (L&T) today said it has completed the acquisition of its group firm, Audco India Ltd.
- Fifteen stocks in focus in Thursday morning tradeThe market rally is going to gather more steam and will surprise everyone, especially people who define levels, Nirmal Bang Securities says.
- L&T eyes $1-bn from electrical bizThe company would invest an additional Rs 120 crore in both the manufacturing facilities over the next 3 yrs.
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