L&T Finance Holdings on Tuesday said the company will raise up to Rs 150 crore by issuing bonds on a private placement basis.
The committee of directors of the company on September 17 approved the offer and issuance of up to 150,00,000 cumulative compulsorily redeemable non-convertible preference shares (CRPS) to amount of up to Rs 150 crore on a private placement basis, L&T Finance Holdings said in a regulatory filing.
The bonds carry a coupon rate of 7.95 per cent per annum payable annually, it said.
The date of allotment of the bonds is September 20, 2019. Redemption of the bonds is set for January 20, 2023.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app