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L&T Finance Holdings raises Rs 1,000 cr in QIP

Press Trust of India  |  New Delhi 

has raised Rs 1,000 crore through (QIP) that closed today.

It has closed the of up to Rs 1,000 crore at the issue price of Rs 158.60 per share, the company said in a statement.

The issue price of the is same at the closing price of company's stock on March 8, the date on which the was launched.

"The capital raised will be used for the growth of our businesses," said Dinanath Dubhashi, and CEO, (LTFH).

LTFH is a company (NBFC) that offers financing services in rural, housing, wholesale segments. It also provides mutual funds and through its arms.

Shares of the company closed 1.29 per cent up at Rs 164.50 on BSE today.

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

First Published: Tue, March 13 2018. 17:35 IST