L&T acquire 74% stake in Thales Software India

Indian company Larsen & Toubro (L&T) has recently acquired 74 per cent stake in Thales Software India Pvt Ltd, to grow its avionics business. Thales Software is an Indian subsidiary of France-based Thales which is the global technology leader in aerospace, transportation and defence and security markets. In the new venture, L&T Technology Services will manage and oversee the management control, operations and delivery of services. Alternatively, Thales will help the company develop latest trends in the avionics industry.

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