The offer-for-sale window of L&T Infotech by Larsen & Toubro opened on Monday. L&T plans to sell 59 lakh shares (base issue) and an additional option to sell up to 46.27 lakh shares (oversubscription). The issue received bids for 2.98 crore shares from institutional investors.
The offer is open for retail investors on Tuesday, while non-retail investors can modify their bids. The floor price is ₹1,700/share. As of June-end, L&T held 81.54 per cent stake in L&T Infotech.