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Medical Equipment Of India’s L&T To Continue, Firm’s Filing Says

This article was originally published in PharmAsia News

Executive Summary

India's Larsen and Toubro, an engineering company, said it not only plans to continue its Medical Equipment & Systems business, it plans to introduce new health care products. The company confirmed its intention, contradicting previous suggestions it would close the business, in a filing with the Bombay Stock Exchange. The filing said L&T would build up its MED business and construct a manufacturing facility in Mysore. Earlier, the company had said it would consider an attractive offer for the firm, and even obtained an enabling resolution from shareholders to do so. (Click here for more

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