Larsen & Toubro May Look At Exiting L&T Infotech - TV
2011年10月7日 - 4:10PM
Dow Jones News
Indian engineering major Larsen & Toubro Ltd. (500510.BY) is
in talks with Japan's Fujitsu Ltd. (6702.TO) and France's Capgemini
(CAP.FR) to sell its stake in software unit Larsen & Toubro
Infotech Ltd., a local news station reported Friday, quoting
sources it didn't name.
Fujitsu and Capgemini are conducting their due diligence on the
unit, which offers software solutions to mainly manufacturing
clients, India's CNBC TV18 said.
"We do not comment on market speculations and rumors," a
Capgemini spokeswoman in India told Dow Jones Newswires. Fujitsu
and Larsen & Toubro Infotech did not immediately respond to
queries for comment.
A Larsen & Toubro spokesman cited company policy to not
comment on market speculation.
Shares in Larsen & Toubro were trading up 3.9% at noon on
the Mumbai market, which was up 3.4%.
-By Kenan Machado, Dow Jones Newswires; +91 22 6145 6107;
kenan.machado@dowjones.com
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