|Offer for Sale for L&T Technology Services Limited
This is in continuation of the Exchange notice no. 20190129-36 dated January 29, 2019 for Offer for Sale (OFS) whereby the Larsen and Toubro Limited (“the Seller”) proposes to sell up to 30,00,000 equity shares representing 2.89% of the total paid up equity share capital of of L&T Technology Services Limited (“the Company”) of face value of Rs. 2/- each (“Base Offer Size”) on January 30, 2019 (“T Day”) (for non-Retail Investors only) and on January 31, 2019 (“T+1 Day”) (for Retail Investors and for Non-Retail Investors who choose to carry forward their un-allotted bids), with an option to additionally sell 25,92,807 equity shares representing 2.49% of the total paid up equity share capital of the Company (the “Oversubscription Option” and in event the Oversubscription Option is exercised, the equity shares forming part of the Base Offer Size and the Oversubscription Option will, collectively, hereinafter be referred to as “Offer Shares”).
The Seller (“Seller – Larsen and Toubro Limited”) has informed the Exchange of its intention to not exercise the Oversubscription Option.
A copy of the letter dated January 30, 2019 submitted by The Larsen and Toubro Limited (“the Seller”) is attached for information
Additional General Manager
Listing Sales & Ops
January 30, 2019