L&T Finance Holdings' scrip tanked 6.19 per cent to close at Rs 74.30 on the BSE. During the day, the scrip plunged 6.88 per cent to Rs 73.75.
At the NSE, the stock settled at Rs 73.95, down 6.57 per cent from its previous close.
L&T Finance Holdings Ltd hit the market today to raise at least Rs 583 crore through sale of more than 8.3 crore shares.
The floor price of the offer for sale has been kept at Rs 70 apiece, a discount of 11.6 per cent to yesterday's closing price.
The company plans to sell over 8.33 crore shares tomorrow. At the floor price of Rs 70 a piece, the sale could fetch at least Rs 583 crore, according to the information available on the National Stock Exchange.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%