Subject: Upcoming IPO - L&T Finance Holdings Ltd
1. Upcoming IPO - L&T Finance Holdings Ltd
L&T Finance is entering in the capital markets with an initial public offering, IPO of 1245 crores.
Promoted by Larsen & Toubro Ltd, L&T Finance Holdings is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors as well as mutual fund products and investment management services. Company's operations are arranged into four business groups – the Infrastructure Finance Group, the Retail Finance Group, the Corporate Finance Group and the Investment Management Group. LTF's customer includes individual retail customers as well as large companies, banks, multinational companies and small and medium enterprises.
The issue opens on Jul 27, 2011 and closes for subscription on Jul 29, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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