L&T Finance Holdings informs about outcome of board meeting

09 Nov 2020 Evaluate

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) and further to its intimation dated November 4, 2020, L&T Finance Holdings has informed that meeting of the Board of Directors of the Company was held today, November 9, 2020, to consider and approve a proposal for raising of funds. Accordingly, the Board approved the offer and issuance of fully paid-up equity shares of the Company (the ‘Equity Shares’) 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 (to be determined and notified subsequently), in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, subject to such approvals, as may be required under the applicable laws (‘Rights Issue’). For the purposes of giving effect to the Rights Issue, the detailed terms in relation to the Rights Issue, including but not limiting to the issue price, rights entitlement ratio, record date, timing and terms of payment will be determined in due course. The Board meeting commenced at 9:30 am and concluded at 10:05 am.

The above information is a part of company’s filings submitted to BSE.

L&T Finance Holdings Share Price

158.85 0.00 (0.00%)
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Peers
Company Name CMP
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