Larsen & Toubro has sold its entire stake in L&T Plastic Machinery to Toshiba Machine of Japan..K Law advised L&T with a team led by Managing Partner Naina Krishna Murthy along with Associate Partner Sankar Swamy, Senior Associate Madhavi Shankar and Associate Pramugdha Anand..Khaitan & Co acted as Indian legal Counsel to Toshiba Machine with a team led by Partner Zakir Merchant while Mori Hamada & Matsumoto acted as Japanese legal advisor with a team led by Partner Takuya Eguchi..ET reports, the move is in line with the L&T’s strategic road-map to exit non-core businesses and rationalize its portfolio..L&T Plastics Machinery, a wholly owned subsidiary of L&T manufactures and markets injection-moulding machines. It caters to different sectors such as the automotive, packaging, and stationery sectors. Toshiba Machine also manufactures injection moulding machines and other machinery with plants in Japan and China.
Larsen & Toubro has sold its entire stake in L&T Plastic Machinery to Toshiba Machine of Japan..K Law advised L&T with a team led by Managing Partner Naina Krishna Murthy along with Associate Partner Sankar Swamy, Senior Associate Madhavi Shankar and Associate Pramugdha Anand..Khaitan & Co acted as Indian legal Counsel to Toshiba Machine with a team led by Partner Zakir Merchant while Mori Hamada & Matsumoto acted as Japanese legal advisor with a team led by Partner Takuya Eguchi..ET reports, the move is in line with the L&T’s strategic road-map to exit non-core businesses and rationalize its portfolio..L&T Plastics Machinery, a wholly owned subsidiary of L&T manufactures and markets injection-moulding machines. It caters to different sectors such as the automotive, packaging, and stationery sectors. Toshiba Machine also manufactures injection moulding machines and other machinery with plants in Japan and China.
