The original post appeared in Business Standard and is available here.
L&T Infotech will not be enjoying the proceeds of the present issue as this being an offer for sale, the entire sale amount of around Rs 1,200 crore will go the parent L&T.
With an aim to unlock value of its subsidiary and realise the benefit of listing, engineering giant L&T is offering its holding in its subsidiary L&T Infotech for sale. This marks the listing of a sizeable IT company in India after a long time. The issue will be priced around Rs. 705-710 per share and will be hitting the market on July 11, 2016.
We take a closer look at the company, its operations and positioning among its peers. Here are 10 key points to note in L&T Infotech: