# IMC International to buy L&T Cutting Tools for Rs 174 crore

Larsen & Toubro announced it will sell its entire stake in L&T Cutting Tools to IMC International Metalworking Companies, owned by Berkshire Hathaway, for Rs 174 crore.

- Type: Acquisition
- Announced: 2017-08-17
- Where: India
- Status: announced
- Products: cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Larsen & Toubro](https://endata.com/companies/263.md) (target)
- [IMC International Metalworking Companies](https://endata.com/companies/17524.md) (acquirer)

## Sources

- [moneycontrol.com](https://www.moneycontrol.com/news/business/economy/imc-international-to-buy-lt-unit-for-rs-174-crore-2362243.html), 2017-08-17: "Larsen & Turbo (L&T) has announced that it will sell its entire stake in L&T Cutting Tools to IMC International Metalworking Companies, owned by Berkshire Hathaway Inc., for Rs 174 crore."

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