News Announcement

L&T Technology Services: Notice of Offer for Sale of Shares by Promoter & Floor Price

Larsen & Tourbo ("the Seller") has submitted to BSE a copy of Notice of Offer of Sale up to 41,00,000 equity shares representing 4.00% of the total paid up equity share capital of L&T Technology Services Ltd ("the Company) of face value of Rs. 2 each (?Base Offer Size?) on August 2, 2018 (?T Day?) (for non-Retail Investors only) and on August 3, 2018 (?T+1 Day?) (for Retail Investors and for Non-Retail Investors who choose to carry forward their unallotted bids), with an option to additionally sell 25,00,000 equity shares representing 2.44% 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?. In case the Oversubscription Option is not exercised, the equity shares forming part of the Base Offer Size will hereinafter be referred to as ?Offer Shares?), through a separate, designated window of the BSE Limited (the ?BSE?) and the National Stock Exchange of India Limited (?NSE?, and together with the BSE, the ?Stock Exchanges?).

- Dates and time of the opening and closing of the Offer :

The Offer shall take place over two trading days, as provided below:

For Non-Retail Investors: August 2, 2018 ("T Day")

The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T Day i.e. August 02, 2018, commencing at 9:15 a.m. and shall close on the same date at 3:30 p.m. Indian Standard Time.

The Non-Retail Investors may indicate their willingness to carry forward their un-allotted bids to T+1 Day (defined below) for allocation to them in the unsubscribed portion of Retail Category (defined below).

Only Non-Retail Investors shall be allowed to place their bids on T Day, i.e. August 2, 2018.

For Retail Investors (as defined below) and Non-Retail Investors (as defined below) who choose to carry forward their bids: August 03, 2018 (?T+1 Day?)

The Offer shall continue to take place during trading hours on a separate window of the Stock Exchanges on T+1 (it being August 03, 2018) commencing at 9:15 a.m. and shall close on the same date at 3:30 p.m. Indian Standard Time.

Only Retail Investors (as defined below) shall be allowed to place their bids and revise their bids only on T+1 Day. Further, those investors other than Retail Investors (?Non-Retail Investors?) who have placed their bids on T Day and have chosen to carry forward their bids to T+1 Day, shall be allowed to revise their bids on T+1 Day as per the SEBI OFS Circulars.

(T Day and T+1 Day, collectively referred to as ?Offer Dates?)

- Date and time of declaration of floor price (?Floor Price?) :

The floor price of the Offer shall be Rs. 1400/- (Rupees One Thousand Four Hundred only) per equity share of the Company.

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