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Larsen & Toubro approves for merger of L&T Shipbuilding

Capital Market 

On 11 May 2019

announced that its Board of Directors have approved a for merger of with its wholly owned subsidiary, L&T Shipbuilding. The Scheme is subject to necessary statutory and regulatory approvals including the approvals of National Company Law Tribunal/other regulatory authority and the respective Shareholders and Lenders/Creditors of each of the involved in the scheme. The Scheme will be filed with the Stock Exchanges as per the applicable provisions of Regulation 37 of SEBI LODR.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, May 11 2019. 11:41 IST