L&T Finance Holdings Ltd allots 63,70,000 CRPS

At the meeting of the Committee of Directors of L&T Finance Holdings Limited has approved today i.e. June 03, 2019, allotment of 63,70,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares ('CRPS') of face value of Rs. 100 each at par aggregating to a nominal amount of Rs. 63,70,00,000 on a private placement basis to identified investors (base issue size: Rs. 25,00,00,000 with option to retain over subscription upto Rs. 75,00,00,000 aggregating to a maximum of Rs. 100,00,00,000 as per the Information Memorandum dated May 29, 2019).

Shares of L&T FINANCE HOLDINGS LTD. was last trading in BSE at Rs.132.25 as compared to the previous close of Rs. 132.85. The total number of shares traded during the day was 340430 in over 2353 trades.

The stock hit an intraday high of Rs. 133.9 and intraday low of 130.85. The net turnover during the day was Rs. 45016131.

Source : Equity Bulls

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