L&T Finance Holdings gets nod to raise funds up to Rs 150 crore
17th Sep 2019

L&T Finance Holdings has received an approval for the offer and issuance of up to 150,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS) of face value of Rs 100 at par aggregating to a nominal amount of up to Rs 150 crore on a private placement basis at the dividend rate of 7.95% p.a. payable annually. The Committee of Directors of the company at their meeting held on September 17, 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.