L&T Finance Holdings will open its Rs 2998.61 crore rights difficulty on 01 February 2021.
The Firm will difficulty as much as 46,13,25,021 fairness shares for money, at a worth of Rs. 65 per fairness share (together with
a premium of Rs 55 per fairness share) not exceeding Rs. 2,998.61 crore on a rights foundation to eligible fairness shareholders within the ratio of 17 Fairness Share for each 74 Fairness Share held on the file date, that’s 22 January 2021. The difficulty will shut on 15 February 2021.
The funds raised by way of the Subject shall be used to repay sure industrial papers issued by the Firm, infusion
of funds within the Firm’s subsidiary, for reimbursement of sure industrial papers issued by such subsidiary,
redemption of choice shares issued by the Firm and for common company functions.
Powered by Capital Market – Stay Information
(This story has not been edited by Enterprise Normal employees and is auto-generated from a syndicated feed.)
Enterprise Normal has all the time strived exhausting to offer up-to-date info and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on tips on how to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough instances arising out of Covid-19, we proceed to stay dedicated to retaining you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.
We, nonetheless, have a request.
As we battle the financial influence of the pandemic, we’d like your assist much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We imagine in free, honest and credible journalism. Your assist by way of extra subscriptions will help us practise the journalism to which we’re dedicated.
Assist high quality journalism and subscribe to Business Standard.