Chinese electronics maker TCL is in talks with Indian companies to sell a 51% majority stake in its display plant in India. The company is reportedly seeking between ₹5,708 crore and ₹7,611 crore for the divestment, while planning to retain a 49% share. Several Indian firms are said to be in early-stage discussions to acquire the stake.
Larsen & Toubro has finalized the sale of its entire stake in L&T Metro Rail (Hyderabad) Limited for Rs 1,461.47 crore. The deal was formalized through a Share Purchase Agreement with Hyderabad Metro Rail Limited, a Telangana government enterprise. As a result, the metro company will cease to be a subsidiary of L&T.
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LTTS reported a 7% year-on-year rise in Q4 net profit to Rs 332 crore. After divesting its Smart World and Communication (SWC) division, net profit from continuing operations increased 23.6% year-on-year and 8.9% quarter-on-quarter, signaling strength despite the reshaping of the company’s business.
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