L&T in talks to merge thermal power business with Sembcorp India

Larsen & Toubro is in talks to merge its thermal power business with the Indian unit of Sembcorp Industries in a share-swap deal that could value the combined business at around $4.5 billion.

“The share-swap deal will help India’s largest engineering conglomerate pare debt.”financialpost.com

• 1 source
• financialpost.comL&T in Talks to Merge Power Business With Sembcorp India | Financial PostBloomberg NewsSep 29, 2021

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