L&T Finance Ltd.

L&T Finance Holdings has received approval for the issuance of up to 60 lakh Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS) of face value of Rs 100 at par aggregating to a nominal amount of up to Rs 60 crore on a private placement basis at the dividend rate of 7.60% p.a. payable annually. The Board of Directors of the company at their meeting held on November 29, 2019, 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.