Larsen & Toubro said in the filing on Monday that the board has given approval for the Scheme of Amalgamation of LTSB with the company.
This Scheme of Amalgamation is presented under Sections 230-232 and other relevant provisions of the Companies Act, 2013 as an integrated and complete Scheme of Amalgamation between L&T Shipbuilding Limited, the Transferor Company and Larsen & Toubro Limited, the Transferee Company and the dissolution of the Transferor Company without winding up. The Scheme is in the interest of the Transferor and Transferee Companies, their respective shareholders and creditors.
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