L&T Infotech Ltd, an arm of engineering major Larsen and Toubro Ltd (L&T), has got the capital markets regulator Securities and Exchange Board of India’s (Sebi) approval for its proposed initial public offering (IPO). L&T Infotech’s initial public offering (IPO) comprises an offer-for-sale of up to 1.75 crore equity shares.
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IT major L&T Infotech recently declared good financial results for the year ended 31 March 2016 (FY 2016). Net profit is up 21.35%. Revenue is up 18%. FY 2016 EPS is Rs 56.13