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Cyril Amarchand, S&R, CC act on L&T Infotech’s $184 mln IPO

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.

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