Kumar Birla Not To Buy Uti Stake In L & T
The Aditya Birla group has decided not to buy the Unit Trust of India's 10.71 per cent stake in engineering and construction major Larsen & Toubro (L&T). UTI has been looking at divesting its stake in L&T, in which Grasim, the Birla company, currently holds 13 per cent.
AV Birla group chairman Kumar Mangalam Birla told Business Standard:
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First Published: Aug 30 2002 | 12:00 AM IST