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L&T board to meet on June 14

MUMBAI JUNE 12. The board of directors of Larsen and Toubro will meet on June 14 to discuss the plans for restructuring of the cement business, company sources said here today.

Rating agency ICRA, on May 23, had made an analytical presentation on the restructuring of L&T's cement business to the company board but the discussions had "remained inconclusive'' as directors had sought some clarifications.

ICRA was mandated by L&T in mid-February to evaluate various proposals to demerge the cement business. — PTI

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