Larsen & Toubro Infotech Limited files the Draft Red Herring Prospectus with SEBI

Larsen & Toubro Infotech Limited, a subsidiary of Larsen & Toubro Limited, has filed its draft red herring prospectus with the Securities and Exchange Board of India ("SEBI") on September 28, 2015 in order to undertake an initial public offering of its Equity Shares (the "Issue"). The Issue comprises of an offer for sale of up to 1,75,00,000 Equity Shares of the face value Rs. 1 each by Larsen & Toubro Limited.

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1430.1 as compared to the previous close of Rs. 1462.25. The total number of shares traded during the day was 345251 in over 15135 trades.

The stock hit an intraday high of Rs. 1469 and intraday low of 1425. The net turnover during the day was Rs. 500170294.

Source : Equity Bulls

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