L&T Finance Holdings allots 63.70 lakh Preference Shares

L&T Finance Holdings allots 63.70 lakh Preference Shares

Capital Market 

On private placement basis

L&T Holdings has approved allotment of 63,70,000 Redeemable Non-Convertible Preference Shares ('CRPS') of face value of Rs. 100 each at par aggregating to a nominal amount of Rs. 63,70,00,000 on a private placement basis to identified investors (base issue size: Rs. 25,00,00,000 with option to retain over upto Rs. 75,00,00,000 aggregating to a maximum of Rs. 100,00,00,000 as per the Information Memorandum dated 29 May 2019).

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First Published: Mon, June 03 2019. 12:02 IST