 "L&T Finance gets board's approval to raise Rs 3,000 crore via rights issue")
L&T Finance Holdings on Monday said its board has approved raising of up to Rs 3,000 crore through a rights issue.
"The board approved the offer and issuance of fully paid-up equity shares of the company for an amount not exceeding Rs 3,000 crore by way of a rights issue to the eligible equity shareholders of the company," L&T Finance Holdings said in a regulatory filing.
The company said details of the rights issue, including price and entitlement ratio, will be determined in due course.
Shares of L&T Finance Holdings Ltd were trading 0.37 per cent lower at Rs 67.35 apiece on the BSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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