L&T Infotech, which is an arm of engineering giant Larsen and Toubro (L&T) has got the capital market regulator SEBI’s approval for its proposed initial public offering (IPO).

In April, the company had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

The SEBI has issued its final ‘observations’ on the draft offer documents on May 20 that is necessary for any company to launch a public offer.

The IPO of company comprises an offer for sale of up to 17,500,000 equity shares of the subsidiary by L&T Ltd.

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