Larsen & Toubro (L&T) is reportedly in talks with many strategic buyers including some Japanese port operators for a stake sale in its container terminal in Tamil Nadu. The company is looking at an enterprise value of Rs 2,300- Rs 2,500 crore. Though, the equity valuation of the port may be Rs 800- Rs 1,000 crore.
L&T holds 97% stake in Kattupalli International Container Terminal, a port-cum-shipyard complex developed jointly with state government entity TIDCO, which holds the remaining stake.
Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector. More than seven decades of a strong, customer-focused approach and the continuous quest for world-class quality have enabled it to attain and sustain leadership in all its major lines of business.
L&T holds 97% stake in Kattupalli International Container Terminal, a port-cum-shipyard complex developed jointly with state government entity TIDCO, which holds the remaining stake.
Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector. More than seven decades of a strong, customer-focused approach and the continuous quest for world-class quality have enabled it to attain and sustain leadership in all its major lines of business.
No comments:
Post a Comment