Chennai, Jan 4 (IANS) Larsen & Toubro Infotech Ltd, a subsidiary of engineering company Larsen & Toubro Ltd, has got market regulator SEBI’s nod for its initial public offer (IPO), said an company official.
“This is to confirm that we have received SEBI clearance for the L&T Infotech IPO. We will not comment on the size or date of the issue,” the official told IANS.
The company will be issuing 1,75,00,000 shares of Re.1 each under the book building route.
Parent company L&T that holds 100 percent equity will be selling its shares.