The company would issue an aggregate of 9,56,57,961 equity shares and warrants at Rs 74 per share/warrant, says report.
L&T Finance Holdings sold 5.27 per cent promoter stake to leading private equity firm Bain Capital through an issue of preferential shares and warrants for about Rs. 708 crore, says report.
Report says that the company's board is planning to raise capital (Rs 707.87 crore) by way of preferential issue of eligible securities and warrants to Bain Capital Investments VI and Bain Capital Asia Growth Investments.
The company would issue an aggregate of 9,56,57,961 equity shares and warrants at Rs 74 per share/warrant, says report.
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