IT solutions and services provider L&T Infotech said Tuesday that it might revive its plans to hit the capital market.
Company Chief Executive Officer Sudip Banerjee disclosed this on the sidelines of the NASSCOM-India Leadership Forum 2010 in Mumbai on Tuesday.
The company planned for the IPO in 2008, but shelved it due to the prevailing volatile market conditions. Besides, the global financial crisis deepened after the fall of the then financial services major Lehman Brothers in September 2008.
Banerjee also said that the firm would focus on strengthening its business in India more than abroad. It was bidding for several types of projects, ranging from Rs.5 crore to Rs.25 crore in both the public and private sector, including the railways, power and education.
L&T Infotech is betting big on business from the BFSI segment in markets, such as South Africa and the Middle East. In South Africa, it tied up with some finance service providers, and expects to expand and add more financial services' customers.
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