Business Standard

Sunday, December 22, 2024 | 02:20 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

L&T Finance Holdings' rights issue to open on Feb 1; stock surges 7%

The company has fixed January 22, 2021 as record date to determine the equity shareholders entitled to receive the rights entitlement in the rights issue.

L&T Finance Holdings up 7% ahead of rights issue record date
Premium

The board of directors of the company at their meetings held on November 4, 2020, had already approved the offer and issuance of fully paid-up equity shares

SI Reporter Mumbai
Shares of L&T Finance Holdings were up 7 per cent at Rs 106 on the BSE on Tuesday. The company has fixed January 22, 2021 as record date, for its proposed Rs 3,000-crore rights issue, to determine the equity shareholders entitled to receive the rights entitlement in the rights issue. The stock will turn ex-date for rights issue on Thursday, January 21.

The non-bank lender on Monday said the company's rights issue offer will open on February 1 and will close on February 15. The company has fixed a price of Rs 65 per equity share for the offer

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in