02 Dec 07 L&T Infotech IPO to open for Subscription in 2008
L&T Infotech IPO is the latest good news for the shareholders of Engineering and Construction major Larsen and Toubro (L&T). As per sources L&T Infotech IPO is likely to hit the market in the first half of the calender year 2008. 2008 is likely to be another good year for IPO market, since so many good IPO’s have been lined up for the calender year 2008. Larsen and Toubro Infotech is the software development arm of the multi-billion dollar L&T group. As per the management of L&T Infotech, the IPO would not be for the purpose of raising funds, but rather as a brand building exercise and also to unlock shareholder value for the shareholders of L&T Infotech. L&T Infotech IPO Subscription details and allotment status will be updated here frequently.
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