Infrastructure major Larsen & Toubro (L&T) plans to go for an Initial Public Offering (IPO) for its subsidiary, L&T Finance, by January.
“We have a date in mind of January at this point, but we will also wait for the right market conditions. The way the market went down in the last two weeks, we thought whether it would be the right time, but the market seems to be coming back. Therefore, we may maintain our original date of January sometime,” A M Naik, chairman of L&T said, in an interview to a TV channel.