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L&T Finance Holdings opens QIP issue

Capital Market 

Floor price for is Rs 161.79 per share

The Committee of Directors of at its meeting held on 08 March 2018 has approved the following -

1. Approved uploading of the condensed financial statements
2. Authorised the opening of the today, i.e. 08 March 2018
3. Approved the floor price for the being Rs.161.79 per Equity Share

4. Approved and adopted the preliminary placement document dated 08 March 2018.

Further to be noted that

1. Relevant Date for the purpose of the QIP, in terms of Regulation 81(c)(i) of the SEBI Regulations is 08 March 2018
2. The meeting of the Committee is scheduled to be held on 13 March 2018, inter-alia, to consider and approve the issue price including a discount, if any thereto, as permitted under the SEBI Regulations for issuance of the Equity Shares to qualified institutional buyers ('QIBs') pursuant to the QIP.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 20:36 IST