The Committee of Directors ('Committee') of L&T Finance Holdings Ltd at its meeting held today i.e. March 15, 2018, approved the allotment of 63,051,702 Equity Shares of face value Rs. 10 each to the eligible qualified institutional buyers at the issue price of Rs. 158.60 per Equity Share including a share premium of Rs. 148.60 per Equity Share, aggregating to Rs. 999,99,99,937.20.
The QIP opened on March 8, 2018 and closed on March 13, 2018 and the same was intimated to you through our letters dated March 8, 2018 and March 13, 2018 respectively.
The meeting of the Committee commenced at 1:45 PM and concluded at 2:00 PM.
Shares of L&T FINANCE HOLDINGS LTD. was last trading in BSE at Rs.162.35 as compared to the previous close of Rs. 164.5. The total number of shares traded during the day was 234847 in over 1365 trades.
The stock hit an intraday high of Rs. 163.9 and intraday low of 160.7. The net turnover during the day was Rs. 38014180.