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Engineering major L&T on Wednesday said that next week it will decide on the timing of L&T Infotech’s initial public offering.
“In a week’s time we will decide when we would launch the L&T Infotech IPO,” L&T Group Executive Chairman AM Naik told reporters here.
“It would be a week before we can say it will be launched immediately or may be a few months later, but the fact is that it will be launched,” Naik added.
The IPO comprises an offer-for-sale of up to 1.75 crore equity shares by L&T of its subsidiary.
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