L&T Finance Holdings gains 4% on Rs.200-crore fund raise plan
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MUMBAI, Aug. 20 -- Shares of L&T Finance Holdings gained as much as 4.2% to hit Rs.70 on the BSE in Thursday's session so far after its committee of directors approved raising of Rs.200 crore through unsecured, redeemable, non-convertible debentures (NCDs) on a private placement basis.
At 1:55 pm, L&T Finance was trading at Rs.69.10 up nearly 3% from its previous close, while the benchmark index, Sensex lost 1% to 38215.11.
The committee of directors of L&T Finance Holdings on Wednesday approved the offer and issuance of up to 2,000 unsecured, redeemable, non-convertible debentures (NCDs) of face value of Rs.10 lakh at par aggregating to nominal amount of up to Rs.200 crore on a private placement basis at the coupon/interest rate of 8% ...
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