L&T to exit tractors, sell stake in Deere JV

Newswire

BOMBAY, July 29 (Reuters) - Indian construction and engineering firm Larsen & Toubro Ltd. told the Bombay exchange on Friday it would exit the tractor business by selling its stake in a joint venture with Deere & Co. . Financial details were not immediately available. L&T-John Deere Pvt. Ltd. was formed in 1997 to make agricultural tractors. L&T said it would focus on its core businesses of engineering and construction, electricals and electronics and information ...

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