Engineering giant Larsen &amp; Toubro citing market condition has decided to delay the listing of its software business unit L&amp;T Infotech to 2009-10.


</p><tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>"We have delayed the listing of the company to 2009-10 as the market conditions are bad and the company is yet to achieve 500-million dollar revenue,"&nbsp;L&amp;T Chairman A M Naik said here.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>It had earlier decided to go for L&amp;T Infotech's initial public offer in the second half of this fiscal.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>The company's current revenue stands at $ 400 million. </P></p></table>


Engineering giant Larsen & Toubro citing market condition has decided to delay the listing of its software business unit L&T Infotech to 2009-10.

L&T to list software arm in fiscal 2009-10

Also Read

Reliance Money partners with NDTV Profit for show

ING Vysya launches lifestyle protection plans

Irda chairman speaks for consumers

Emirates to expand Indian operations

IBS arm to invest Rs 120cr for expansion

Explore News

L&amp;T to list software arm in fiscal 2009-10