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19 Oct 2021, Edition - 2289, Tuesday

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Coimbatore

L&T exits from Coimbatore-based Salzer

Covai Post Network

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Larsen & Toubro (L&T) has exited from its investment in the city-based Salzer Electronics Ltd., and the divestment was concluded last week.

“Our exit from Salzer is part of a regular treasury transaction. We shall continue with our business relationship as usual,” Senior Vice-President and the Head of L&T Electrical & Automation, S. C. Bhargava said today.

L &T’s business relationship with Salzer started in 1993 for marketing, sales and distribution of rotary switches and cable ducts, Bhargava said.

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