L&T Finance Holdings Ltd allots Cumulative Compulsorily Redeemable Preference Shares worth Rs. 250 crore

The Committee of Directors of L&T Finance Holdings Ltd has approved the allotment of 2,50,00,000 (Two crore Fifty Lakhs) Unlisted 8.75% Cumulative Compulsorily Redeemable Preference Shares of face value Rs. 100/- each at par on private placement basis aggregating to Rs. 250,00,00,000/- (Two Hundred Fifty Crore only), at its meeting held on March 31, 2013, to eligible allottees on pro-rata basis.

Shares of L&T Finance Holdings Ltd last traded in BSE at Rs.77, up by Rs.0.20 or 0.26%. The stock hit an intraday high of Rs.77.90 and low of Rs.76.15.

The total traded quantity was 4.93 lakhs compared to 2 week average of 6.34 lakhs.

Source : Equity Bulls

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