L&T Infotech IPO hits capital market
Global IT conglomerate L&T Infotech's initial public offering (IPO), through which the company plans to raise up to ₹1,243 crore, hit the capital market on Monday. Multi-national Larsen & Toubro's 94.9% stake (pre-issue) in the company will reduce to 84.6% post issue. The public offer will not be impacted significantly by market uncertainties following the 'Brexit' vote, experts said.