Recently Economic Times, a leading business magazine of India reported that Larsen & Toubro is planning to exit from IT business.
The report stated that the IT arm of the Infra giant, L&T Infotech is planning for a sellout. There are local companies like iGate, 3i Infotech and Mphasis and Japanese companies who want to enter Indian territory like Fujitsu are also looking for the stakes.
The reasons are said to be not reaching the one billion dollar entity target and IPO plans did not go as expected.
Possible ways like Read more...
tags: Larsen Toubro, Larsen Toubro exit, Larsen Toubro IT, Larsen Toubro exist, Larsen Toubro IT business, Larsen Toubro sellout, Larsen Toubro acquisition, L&T Infotech acquisition, L&T Infotech sell, L&T Infotech future, L&T Infotech exit
No comments:
Post a Comment