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L&T Finance Holdings to raise up to Rs 60 crore

Capital Market 

By way of issue of CRPS on a private placement basis

The Committee of Directors of L&T Finance Holdings at its meeting held on 29 November 2019 has approved the offer and issuance of up to 60,00,000 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.

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

First Published: Fri, November 29 2019. 18:05 IST