The Board of Directors of L&T Finance Holdings Limited (“LTFH”) has approved (subject to approval from its shareholders) the issue of equity shares up to Rs. 30,000 mn.
Issue of equity shares for up to Rs. 30,000 mn through Preferential Allotment to Larsen & Toubro Ltd. and Qualified Institutional Placement
The Board of Directors of L&T Finance Holdings Limited (“LTFH”) has approved (subject to approval from its shareholders) the issue of equity shares up to Rs. 30,000 mn.
The issue of equity shares is proposed to be undertaken through a preferential issue to Larsen & Toubro Limited (“L&T”) for up to Rs. 20,000 mn and through qualified institutions placement (“QIP”) for up to Rs. 10,000 mn. The issue of equity shares through a combination of QIP and preferential allotment, is being undertaken to enable LTFH to diversify its investor base and with an intention to maintain L&T’s shareholding.
First Published on Jan 31, 2018 04:39 pm
