Cyril Amarchand Mangaldas has advised India’s Larsen & Toubro Infotech on its 12.36-billion-rupee ($184 million) initial public offering, with S&R Associates and Clifford Chance representing the lead managers.
L&T Infotech, India’s sixth-biggest software services exporter, is a subsidiary of engineering services provider Larsen & Toubro. The parent sold part of its stake in the IPO.
Citigroup Global Markets India, Kotak Mahindra Capital Company and ICICI Securities, acted as book-running lead managers on the transaction.
The Cyril Amarchand Mangaldas team working on the transaction was led by Mumbai-based capital markets partner Yash Ashar.