| "We are in the IPO zone, but we have to watch for new developments, US recession," Magapu said. |
| The company had earlier said it aims to raise $300 million (Rs 1,200 crore) through an IPO. However, today Magapu said, "We have no pressing reason to go for an IPO now." L&T Infotech sees 40-45 per cent revenue growth for 2007-08 (April-March), he said. |
| Magapu was talking on the sidelines of the Nasscom India leadership forum 2008 held here today. |
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