IPO: L&T Technology Services Ltd
Company & Business Profile
L&T Technology Services delivers a range of technologies, services & solutions across transportation, industrial products, telecom and hi-tech, process industry, and medical devices through Imagineering, Engineering & Adjacent Engineering. It has more than 8,000 engineers from nine nationalities serving over 200 customers, including more than 50 Fortune 500 customers. It leverage the strengths of its parent company, Larsen & Toubro, a leading Indian conglomerate in technology, engineering, construction, manufacturing and finance, It has been recognized as the Company of the Year by the Indo American Chamber of Commerce in July 2016.
L&T Technology Services operate in five industry segments (transportation, industrial products, telecom and hi-tech, process industry and medical devices, each of which represent a significant component of Top 500 global ER&D spenders. Half of its revenue in FY 2016 is derived from the three segments of industrial products, process industry and medical devices.
Objects of the Issue:
The objects of the Offer are
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. To carry out the sale of up to 10,400,000 Equity Shares by the Selling Shareholder.
Listing:
The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
