Larsen & Turbo (L&T), has entered into a definitive agreement for Rs.522 crore, with ESAB Holdings Ltd, to sell its total stake in wholly owned arm EWAS Alloys Ltd.
In a BSE filing L&T stated that,it has,”entered into a definitive agreement with ESAB Holdings Ltd, a company registered in the United Kingdom, on October 11,2017 for the divestment of its entire stake in EWAS Alloys Ltd.”
Further the filing stated,”… the sale of shares is expected to be completed within 60 days from the date of execution of share purchase agreement.”
