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L&T Finance Holdings surges on getting nod to raise funds worth Rs 250 crore

09 Oct 2018 Evaluate

L&T Finance Holdings is currently trading at Rs. 120.80, up by 1.95 points or 1.64% from its previous closing of Rs. 118.85 on the BSE.

The scrip opened at Rs. 120.00 and has touched a high and low of Rs. 123.35 and Rs. 119.30 respectively. So far 907532 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 213.60 on 24-Oct-2017 and a 52 week low of Rs. 115.00 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 133.15 and Rs. 115.00 respectively. The current market cap of the company is Rs. 24034.49 crore.

The promoters holding in the company stood at 64.01%, while Institutions and Non-Institutions held 15.08% and 20.90% respectively.

L&T Finance Holdings has received an approval for the issuance of 2,50,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS) of face value of Rs 100 each at par aggregating to a nominal amount of Rs 250 crore on a private placement basis. The CRPS will be unlisted but may be listed subsequently at the option of the company on any recognized stock exchange and will have a tenure of 3 years from the date of allotment. The redemption of CRPS will be done in accordance with the provisions of Section 55 of the Companies Act, 2013.

The Committee of Directors of the company at their meeting held on October 08, 2018, approved the same.

L&T Finance Holdings is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries.

L&T Finance Share Price

287.35 7.05 (2.52%)
17-Apr-2026 16:59 View Price Chart
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