L&T Finance IPO : Files DRHP with SEBI

by khalid on 04/10/2010 · 1 comment

Larsen & Toubro (L&T) is a technology-driven USD 8.5 billion company that infuses engineering with imagination. The company has informed the market(BSE) that the financial services arm of L&T (L&T Finance Holdings Ltd) has planning to enter capital markets with its maiden public issue of Rs 1500 crore. The company has filed a Draft Red Herring Prospectus (DRHP) in Sep 2010 with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process.

L&T Finance had listed its non-convertible debentures (NCDs) on the NSE a year ago, closed today at Rs 1085 as against a face value of Rs 1,000 per debenture.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The Book running lead managers to the issue are HSBC, Citigroup, JM Financial, Barclays Capital, and Credit Suisse.

Registrar of the Issue : Link Intime (India).

Stay tuned to BelltheBull Blog for more on L&T Finance IPO !

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