India: L&T said to pick banks for $150m listing of subsidiary

India: L&T said to pick banks for $150m listing of subsidiary

Larsen & Toubro Ltd.  (L&T) India’s biggest builder of roads and power plants, has picked advisers to prepare an initial public offering of about 10 billion rupees ($150 million) for its subsidiary  L&T Technology Services Ltd., people with knowledge of the matter said.

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