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June 6, 2016 - posted by
Vanessa Felicia,
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Taking a leaf out of Flipkart’s book, L&T Infotech, which was planning to launch Rs 2,000 crore-IPO, has withdrawn... moreTaking a leaf out of Flipkart’s book, L&T Infotech, which was planning to launch Rs 2,000 crore-IPO, has withdrawn offer letters to 1,500 students based in South India.
Company sources confirmed the move to Business Standard. They declined to be identified for this article.
Taking a leaf out of Flipkart’s book, L&T Infotech, which was planning to launch Rs 2,000 crore-IPO, has withdrawn offer letters to 1,500 students based in South India.
Company sources confirmed the move to Business Standard. They declined to be identified for this article.
The students have decided to go on a hunger strike in Chennai to protest the company’s move, reports said.
The firm was planning to launch its IPO soon, and the withdrawal of offer letters to students could be an indication that all is not well. The company cited "poor performance" of the students for withdrawal of the offer letters. less
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