L&T Finance Holdings plans to raise Rs 500 crore through private placement

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