L&T Technology Services is a pure-play global engineering, research and development services company.
L&T Technology Services Rs. 900 crore IPO to open on 12 September, 2016
L&T Technology Services has fixed a price band of Rs. 850-860 per share
India’s largest engineering and construction company Larsen and Toubro Ltd (L&T) will sell up 10.2% stake in its unit L&T Technology Services Ltd through an initial public offering (IPO) that opens on 12 September, the company said in a stock exchange filing.
The IPO will close on 15 September, 2016
This is the IInd IPO from the L & T stable this year. (2016)
In July, 2016 its IT unit L & T Infotech Ltd saw its Rs.1,243 crore IPO subscribed 11.69 times. The issue was priced at the upper end of the price band of Rs.705-710 per share.
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