L&T Infotech IPO Postponed to 2009
Indian engineering firm Larsen & Toubro Monday said it has rescheduled the initial public offering of unit L&T Infotech to 2009. The IPO was originally scheduled for late this year, 2008.
“We are not in a hurry and we will not get the required valuation in the present market conditions. So we have postponed it,” Chairman and Managing Director A M Naik told reporters on the sidelines of a company event.
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