L&T Finance Holdings announced that the Committee of Directors at its meeting held on 05 December 2019 has approved the allotment of 60 lakh cumulative compulsorily redeemable non-convertible preference shares of face value of Rs 100 each at par aggregating to a nominal amount of Rs 60 crore on a private placement basis to identified investors (base issue size of Rs 50 crore with an option to obtain over subscription up to Rs 10 crore aggregating to a maximum of Rs 60 crore in accordance with the information memorandum dated 02 December 2019).
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