L&T Infotech Aims To Raise Over INR 1200 Cr Through IPO
The initial public offering (IPO) of India’s sixth largest IT firm Larsen & Toubro (L&T) Infotech Limited will open from July 11 as its parent company L&T is putting 1.75 crore shares on the block at a price band of INR 705-INR 710 for each equity share of face value of INR 1. The total offer size is INR 1,233-INR 1,242 crore at the respective ends of the price band. The company with a topline of $887 million in FY16 plans to to double its revenues in the next three to four...