L&T exits from Coimbatore-based Salzer

Larsen and Toubro (L&T) has exited from its investment in the city-based Salzer Electronics Ltd and the divestment was concluded last week.

"Our exit from Salzer is a part of regular treasury transaction. We shall continue with our business relationship as usual," Senior Vice President & the Head of L&T Electrical & Automation, S C Bhargava said in a release here today.

L&T's business relationship with Salzer started in 1993 for marketing, sales and distribution of rotary switches and cable ducts, Bhargava said.