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L&T Finance Holdings allots 1.50 crore preference shares aggregating Rs 150 crore

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Capital Market

On private placement basis

L&T Finance Holdings has allotted 1,50,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares of face value of Rs. 100 each at par aggregating to a nominal amount of Rs. 150 crore on a private placement basis to identified investor (base issue size: Rs. 50,00,00,000 with option to retain over subscription up to Rs. 100,00,00,000 aggregating to a maximum of Rs. 150,00,00,000 in accordance with the Information Memorandum dated 24 September 2019).

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First Published: Sep 27 2019 | 3:27 PM IST

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