L&T Finance Holdings has informed that subsequent to the approval accorded by the Board of Directors of the Company (the Board) at its meeting held on January 31, 2018 and approval accorded by the Members of the Company for the Preferential Issue through their resolution dated March 7, 2018, passed by way of postal ballot, the Committee of Directors of the Company (the Committee), at its meeting held today, approved the price of Rs 185.51 per Equity Share, which is the floor price calculated in accordance with SEBI Regulations (including a share premium of Rs 175.51 per Equity Share), at which 10,78,10,899 Equity Shares under Preferential Issue will be issued to Larsen & Toubro Limited, Promoter of the Company.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
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| Chola Invest & Fin. | 1579.65 |
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