Tuesday 5 May 2015

L&T Finance Holdings to raise funds via CRPS

L&T Finance Holdings Ltd has announced that the Company is intending to raise funds through issue of Cumulative Non-Convertible Compulsorily Redeemable Preference Shares

L&T Finance Holdings Ltd has announced that the Company is intending to raise funds through issue of Cumulative Non-Convertible Compulsorily Redeemable Preference Shares ("CRPS") for an amount not exceeding Rs. 600,00,00,000 (Six Hundred Crore only), through private placement basis, on such terms and conditions as may be decided by the Board of Directors of the Company.

The stock was up 1% at Rs. 64.60.

The stock has hit a high of Rs. 64.70 and a low of Rs. 64.20.

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