"The company (Larsen and Toubro Ltd) has completed the purchase of the entire stake held by Airbus Defence and Space GmbH (earlier known as EADS Deutschland GmbH) in L&T Cassidian Ltd (LTCL), a JV between L&T and Airbus DS in accordance with the share purchase agreement," Larsen and Toubro (L&T) said in a filing to the BSE.
"LTCL is a 74 per cent of L&T. Balance 26 per cent stake held by Airbus DS has been acquired by L&T at a price as determined by and independent valuer, thus making LTCL a wholly-owned subsidiary," it said.
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