Capital International Backs Larsen & Toubro

Private equity fund Capital International has put 3.3 billion rupees ($75 million) into a unit of Indian engineering conglomerate Larsen & Toubro, ahead of the unit’s initial public offering, Reuters reported. L&T Finance Holdings filed in March for an IPO of up to 17.5 billion rupees ($392 million). Of that, it planned to raise 4 billion rupees through a pre-IPO placement.

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