Analysis and Insights into the world of IPOs and investing in India

Monday, December 6, 2010

L&T Finance to come up with an IPO

L&T Finance, a subsidiary of Larsen & Toubro, is likely to come up with an IPO, which is likely to hit the streets in near future. L&T Finance intends to utilise the proceeds from the issue to meet the capital adequacy requirements to support the future growth in their business and that of L&T Infra

L&T Finance is one of the leading NBFCs in the country and offers a wide spectrum of financial products and services for trade, industry and agriculture. L&T Finance Limited (LTF) is a subsidiary of Larsen and Toubro. It was incorporated as a Non Banking Finance Company in November 1994

According to the Company's website, L&T Finance offers a spectrum of financial products and services for trade, industry and agriculture. The company's focus segments are corporate products, construction equipment, CVs and tractors

Larsen & Toubro Ltd. is a USD 9.8 billion technology, engineering and construction group with operations spread across the globe. It was ranked as 14th by the Economic Times in their survey of the Top 500 Companies in India
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