Decision on timing of L&T Infotech IPO in a week: Naik
"In a week's time we will decide when we would launch the L&T Infotech IPO," L&T Group Executive Chairman A M Naik told reporters here.
"It would be a week before we can say it will be launched immediately or may be few months later, but the fact is that it will be launched," Naik added.
L&T had filed the draft red herring prospectus (DRHP) with Securities and Exchange Board of India (Sebi) in April.
The markets regulator has cleared the IPO proposal.