Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

L&T to sell medical equipment business

Nov 16 2012, 20:51 IST
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L&T L&T
SummaryHowever, the company did not disclose financial details of the transaction.

Engineering and construction major Larsen & Toubro (L&T) today said it is selling its medical equipment business based at Mysore to Skanray Healthcare.

However, the company did not disclose financial details of the transaction.

"L&T has agreed to sell its medical equipment business based at Mysore to Skanray Healthcare Pvt Ltd," the infrastructure major said in a filing to the BSE.

Skanray Healthcare is fully-owned by the founders and investors of Skanray Technologies, which is engaged in the business of diagnostic imaging products and primary healthcare devices.

Its product range includes high frequency X-ray generators, X-ray imaging systems, critical care devices and industrial X-ray imaging.

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