L&T Finance Holdings will open its Rs 2998.61 crore rights subject on 01 February 2021.
The Firm will subject as much as 46,13,25,021 fairness shares for money, at a worth of Rs. 65 per fairness share (together with
a premium of Rs 55 per fairness share) not exceeding Rs. 2,998.61 crore on a rights foundation to eligible fairness shareholders within the ratio of 17 Fairness Share for each 74 Fairness Share held on the document date, that’s 22 January 2021. The difficulty will shut on 15 February 2021.
The funds raised by way of the Subject will likely be used to repay sure industrial papers issued by the Firm, infusion
of funds within the Firm’s subsidiary, for reimbursement of sure industrial papers issued by such subsidiary,
redemption of desire shares issued by the Firm and for common company functions.
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(This story has not been edited by Enterprise Customary workers and is auto-generated from a syndicated feed.)
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