# 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.

- Type: Acquisition
- Announced: 2021-09-29
- Where: India
- Value: $4.50B
- Status: rumored
- Products: thermal power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Larsen & Toubro](https://endata.com/companies/263.md)
- [Sembcorp Industries](https://endata.com/companies/15835.md) (partner)

## Sources

- [financialpost.com](https://financialpost.com/pmn/business-pmn/lt-in-talks-to-merge-power-business-with-sembcorp-india), 2021-09-29: "The share-swap deal will help India’s largest engineering conglomerate pare debt."

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