L&T Infotech re-files DRHP with Sebi for Rs. 2,000 cr IPO

The IPO comprises of an offer for sale (OFS) of up to 17.5 million equity shares by L&T.

Apr 12, 2016 06:04 IST India Infoline News Service

Engineering conglomerate Larsen & Toubro Ltd’s, information technology services arm, has today re-filed the DRHP with the market regular Sebi after the company yesterday withdrew the same due to change in the offer structure and other considerations.

The IPO comprises of an offer for sale (OFS) of up to 17.5 million equity shares by L&T.

The company had filed the draft red herring prospectus (DRHP) on September 28, 2015 and had received Sebi’s nod on December 31, 2015.

“One of the reasons for withdrawing the DRHP (draft red herring prospectus) was that market conditions were not right for the issue,” a company spokesperson was quoted as saying by Mint yesterday.

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