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OEM Update
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L&T to sell plastics machinery business to Toshiba

By September 10, 2012 11:21 am IST

Larsen & Toubro has decided to sell its plastics machinery business to Toshiba Machine. The company signed a share sale and purchase agreement with Toshiba Machine Co., Ltd. (TMC), Japan, to sell its entire stake in L&T Plastics Machinery Limited (LTPML). The deal is “pending final closing conditions”.

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