Coimbatore: Larsen and 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 a part of regular treasury transaction. We shall continue with our business relationship as usual," senior vice president & the head of L&T Electrical & Automation, S C Bhargava said in a release here on Thursday.
L&T's business relationship with Salzer started in 1993 for marketing, sales and distribution of rotary switches and cable ducts, Mr Bhargava said.
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