L&T Finance Holdings raises funds up to Rs 150 crore
27th Sep 2019

L&T Finance Holdings has raised funds worth Rs 150 crore. The Committee of Directors has approved allotment of 1,50,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS) of face value of Rs 100 each at par aggregating to a nominal amount of up to Rs 150 crore on a private placement basis to the identified investors. The Committee of Directors of the company at their meeting held on September 27, 2019, has allotted 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.