L&T Technology Services IPO gets SEBI clearance

L&T Technology Services, an arm of engineering giant Larsen and Toubro   (L&T), has received the approval of capital markets regulator SEBI to come up with an IPO. According to sources, the IPO size of L&T Technology Services is estimated to be Rs 750-1,000 crore.

According to company website, 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. The company have more than 8,000 engineers from nine nationalities serving over 200 customers, including more than 50 Fortune 500 customers.

As per the company, it leverages the strengths of parent company, Larsen & Toubro, a leading Indian conglomerate in technology, engineering, construction, manufacturing and finance, which has provided us with a broad engineering and design heritage

Stay tuned for more info on L&T Technology Services Limited IPO