Kohima, June 30 (MExN): L&T’s subsidiary L&T Infotech, the sixth largest Indian IT services company in terms of export revenues (NASSCOM report 2015) will launch an Initial Public Offering (IPO) of 1.75 crore equity sharers of face value of Re. 1 each for cash at a price band from Rs. 705 to 710 per equity share.
The Offer for Sale will open on July 11 and close on July 13. Retail individual investors will get a discount of Rs. 10 on the Price fixed.
L&T Infotech Ltd. was amongst the top 20 IT service providers globally in 2015 according to the Everest Group’s PEAK Matrix for IT service providers.
Its clients comprise some of the world’s largest and well-known organisations, including 49 of the Fortune Global 500 companies.
It caters to clients in Banking & Financial Services, Insurance Energy & Process, Media and Entertainment, Utilities Engineering and Construction, Consumer Packaged Goods, Retail & Pharmaceuticals, Travel and Hi-Tech Plant Equipment, Logistics, Automotive and Aerospace.
