# Larsen & Toubro approves scheme of arrangement with L&T Valves

Larsen & Toubro approved a scheme of arrangement with its subsidiary L&T Valves Ltd, a deal valued at 437.9 million rupees in cash.

- Type: Acquisition
- Announced: 2016-11-07
- Where: India
- Value: $6.50M (437.9M INR)
- Status: announced
- Products: valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Larsen & Toubro](https://endata.com/companies/263.md) (acquirer)
- [L&T Valves](https://endata.com/companies/264.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/world/us/larsen-toubro-approves-scheme-of-arrangement-between-co-lt-valves-idUSFWN1D804J/), 2016-11-07: "Says deal for 437.9 million rupees in cash"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.