L&T Finance Holdings to raise Rs. 500 crore through Private Placement of CRPS

L&T Finance Holdings Ltd is intending to raise funds through issue of Cumulative Non-Convertible Compulsorily Redeemable Preference Shares ("CRPS") for an amount not exceeding Rs. 500,00,00,000 (Five Hundred Crore), through private placement basis, on such terms and conditions as may be decided by the Board.

Shares of L&T FINANCE HOLDINGS LTD. was last trading in BSE at Rs.71.95 as compared to the previous close of Rs. 72.3. The total number of shares traded during the day was 1352412 in over 8456 trades.

The stock hit an intraday high of Rs. 73.4 and intraday low of 71.65. The net turnover during the day was Rs. 97979297.

Source : Equity Bulls

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