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L&T Finance Holdings update on proposed public issue of NCDs of L&T Finance

Capital Market 

L&T Finance Holdings announced that the Committee of Directors of L&T Finance, the material subsidiary of the Company, vide resolution dated 09 December 2019 has approved:

- the Shelf Prospectus dated 09 December 2019, in connection with the issue of secured redeemable non-convertible debentures and/or unsecured subordinated redeemable non-convertible debentures eligible for Tier II Capital of face value of Rs. 1,000 each, with a shelf limit of Rs. 5,000 crore;

- the Tranche I Prospectus dated 09 December 2019, in connection with the issue of Secured Redeemable Non-Convertible Debentures of face value of Rs.1,000 each for an amount of Rs. 500 crore with an option to retain oversubscription up to Rs. 1,000 crore aggregating up to Rs. 1,500 crore.

Necessary filing has been done with Registrar of Companies, Kolkata (ROC) and the same has been taken on record by ROC.

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

First Published: Wed, December 11 2019. 16:22 IST
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