Stocks

L&T’s offer-for-sale of L&T Tech opens on Aug 2

| Updated on August 02, 2018

The offer-for-sale (OFS) by Larsen & Toubro of L&T Technology Services’ shares will open for non-retail investors on Thursday and for retail investors on Friday. It plans to sell up to 41 lakh shares (base offer) and additional shares of up to 25 lakh shares (oversubscription option). The floor price for the offer is ₹1,400 a share.

Currently, promoters hold 87.10 per cent stake or 2.03 crore shares. The OFS will help the company meet SEBI’s minimum public holding norm.

Published on August 01, 2018

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