L&T Finance Holdings raises funds via CRPS
16th Sep 2019

L&T Finance Holdings has raised funds via allotment of 1,00,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS) of face value of Rs 100 each at par aggregating to a nominal amount of Rs 1,00,00,00,000 on a private placement basis to identified investor (base issue size: Rs 25,00,00,000 with option to retain over subscription up to Rs 75,00,00,000 aggregating to a maximum of Rs 1,00,00,00,000 in accordance with the Information Memorandum dated September 11, 2019). The Committee of Directors of the company on September 16, 2019, approved the same.

L&T Finance Holdings is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries.