Larsen & Toubro Infotech, the subsidiary of engineering and construction major L&T , is set to launch its 1.75 crore equity shares initial public offer for subscription on July 11, reports CNBC-TV18. The issue, which will close on July 13, is an offer for sale by promoter L&T. "The objects of the offer are to achieve benefits of listing equity shares on the Stock Exchanges and to carry out the sale of up to 1,75,00,000 equity shares by the selling shareholder. The listing of the equity shares will enhance our brand name and provide liquidity to the existing shareholders," says the Mumbai-based IT company. The book running lead managers to the issue are Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company and ICICI Securities. Link Intime India is the registrar.
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