This is to bring down the stake of the parent company, L&T, to 75%. In its IPO, L&T is offering  10.3% of its stake to the public at a price of Rs 705- Rs 710, valuing L&T Infotech at around Rs 12,000 Cr. The company will issue shares to employees too, based on their performance.

L&T Infotech to further dilute equity in coming years

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