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What is L&T Finance IPO Analysis and Details about?
L&T Finance Holdings, a subsidiary of Larsen & Toubro, conducted an IPO from July 27-29, 2011 to raise up to Rs. 1,245 crores. The issue price was fixed at Rs. 52 per share which was near the lower end of the price band of Rs. 51-59 per share. The shares will list on the Bombay Stock Exchange and National Stock Exchange on August 12, 2011. The proceeds will be used to repay intercorporate deposits to the parent company and infuse additional capital into L&T Finance and L&T Infra to support future business g
- Author
- Himanshu Joshi
- Language
- EN