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L&T to list Infotech unit this year: Reports

A report says that L&T is planning to raise between Rs. 1600-Rs.1800 crore from investors by diluting around 10-12% of the company.

June 23, 2015 8:04 IST | India Infoline News Service
L&T is planning to list IT arm L&T Infotech by December, according to reports.
A report says that L&T is planning to raise between Rs. 1,600-Rs. 1,800 crore from investors by diluting around 10-12% of the company.
L&T has already initiated process of shortlisting book running lead managers with Kotak, Citi, Barclays and SBI Caps, says report.
L&T Infotech reported a revenue of Rs. 4,643 crore for the year ended March 2014.

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