L&T Finance Holdings is planning to raise up to Rs 2,000 crore by issuing preference shares through public offer or private placement. The company will seek shareholders' approval to the proposal at the annual general meeting (AGM) scheduled to take place on July 28, 2020 through audio/visual mode.
The company will create, issue and allot 20 crore cumulative compulsorily redeemable non-convertible preference shares (preference shares), in one or more tranches, of the face value of Rs 100 each for cash at par or at premium aggregating to Rs 2,000 crore. The preference shares will allotted to various persons either through public offer or private placement, in one or more tranches.
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.
Company Name | CMP |
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Bajaj Finance | 7293.90 |
Shriram Finance | 2430.10 |
Aditya Birla Capital | 229.60 |
SBI Cards AndPayment | 758.15 |
Chola Invest & Fin. | 1151.95 |
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