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Monday, October 26, 2009

L&T sells stake in Voith Paper Technology

Larsen and Toubro has announced the sale of its shares in Voith Paper Technology India Limited effective october1, 2009 to its long term Joint Venture Partner, GmbH, Heidenheim, Germany.

VPTIL was a 50:50 JV between L&T and Voith Paper Gmbh,Germany, providing design, consultancy and other value added services to the Indian paper Industry that included setting up of complete paper plants.

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