L&T Finance's Rs 1,750-cr IPO to open on July 26
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L&T Finance Holdings' up to Rs 1,705 crore ($392 million) initial public offering will open on July 26 and close July 29, the company said in a filing with the Registrar of Companies. The offer will be open for anchor investors on July 26, while it will open for retail bids the next day.
L&T Finance is the holding company for the financial services business of the group and operates through four units that manage the mutual fund, asset financing, infrastructure financing and working capital funding businesses. HSBC, Citigroup, JM Financial, Barclays Capital, and Credit Suisse are the arrangers to the L&T Finance offer. ( BS )
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