May 1, 2018 / 9:59 AM / 3 months ago

BRIEF-Larsen & Toubro Signs Agreements For Divestment Of Electrical & Automation Business

May 1 (Reuters) - Larsen & Toubro Ltd:

* AGREEMENTS FOR DIVESTMENT OF ELECTRICAL & AUTOMATION BUSINESS INCLUDING ASSOCIATED SUBSIDIARY COMPANIES OUTSIDE INDIA

* SAYS CONSIDERATION FROM SALE TO BE 140 BILLION RUPEES

* SAYS EXPECTED DATE OF COMPLETION OF SALE TO BE WITHIN 18 MONTHS OF SIGNING OF DEFINITIVE DOCUMENTS

* AGREEMENTS FOR DIVESTMENT OF ELECTRICAL & AUTOMATION BUSINESS TO SCHNEIDER ELECTRIC (INDIA) AND SCHNEIDER ELECTRIC JV HOLDINGS Source text - bit.ly/2KplT8m Further company coverage:

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