L&T Infotech eyes $125-150 million from its IPO

L&T Infotech IPO is set to open on July 11 and close on July 13. The organization contributes around 8 percent of the solidified income of the whole L&T business. CNBC-TV18's Kritika Saxena discovers that this IPO kicks of a progression of combinations that the L&T gathering is taking a gander at doing.

The compay has talked about Project Lakshya which is a five-year obligation diminishment arrangement of the administration. As part the arrangement, the gathering needs to list both their IT arms. L&T Infotech IPO wil have an offer cost of around Rs 90 an offer. Generally the sum the organization would hope to raise from the IPO would be USD 125-150 million.

On the heels of this IPO will be L&T Technology Services' Draft Red Herring Prospectus. It is accepted both the IPOs would cut down the gathering's obligation by USD 400 million.

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