L&T Finance Holdings Limited board approves ₹3000 crore rights issue
Nov 9, 2020, 14:18 IST
The board of L&T Finance Holdings on Monday approved raising Rs 3,000 crore through rights issue.
The company in its regulatory filing on Monday said for the purpose of giving effect to the rights issue, the detailed terms in relation to the issue, including the issue price, rights entitlement ratio, record date, timing and terms of payment will be determined in due course.
"The board approved the offer and issuance of fully paid-up equity shares of the company for an amount not exceeding Rs 3,000 crore by way of a rights issue to the eligible equity shareholders of the company as on the record date," it said.
At 11.34 a.m., the shares of L&T Finance Holdings were trading at Rs 67.05, lower by 0.81 per cent from its previous close.
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The company in its regulatory filing on Monday said for the purpose of giving effect to the rights issue, the detailed terms in relation to the issue, including the issue price, rights entitlement ratio, record date, timing and terms of payment will be determined in due course.
"The board approved the offer and issuance of fully paid-up equity shares of the company for an amount not exceeding Rs 3,000 crore by way of a rights issue to the eligible equity shareholders of the company as on the record date," it said.
At 11.34 a.m., the shares of L&T Finance Holdings were trading at Rs 67.05, lower by 0.81 per cent from its previous close.
SEE ALSO: Kamala Harris' Indian ancestral village celebrates her victory as she becomes Vice President of the United States
Hyperloop pod carries two humans through a tube at over 160 kmph for the first time ever
Top cyber espionage groups that have India in their crosshairs