L&T Finance’s Up To $392M IPO To Open On July 26

18 July, 2011

L&T Finance Holdings’ up to Rs 17.5 billion ($392 million) initial public offering will open on July 26 and close July 29, the company said in a filing with the Registrar of Companies.

The offer will be open for anchor investors on July 26, while it will open for retail bids the next day.

Earlier this month, L&T Finance, a unit of Indian engineering conglomerate Larsen & Toubro, raised Rs 3.3 billion through a share placement to U.S. private-equity fund Capital International.

L&T Finance is the holding company for the financial services business of the group and operates through four units that manage the mutual fund, asset financing, infrastructure financing and working capital funding businesses.

HSBC, Citigroup, JM Financial, Barclays Capital, and Credit Suisse are the arrangers to the L&T Finance offer.

 


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L&T Finance’s Up To $392M IPO To Open On July 26

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