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L&T Finance gets board's nod to raise Rs 3,000 crore through rights issue

The company said details of the rights issue, including price and entitlement ratio, will be determined in due course

twitter-logoPTI | November 9, 2020 | Updated 13:41 IST
L&T Finance gets board's nod to raise Rs 3,000 crore through rights issue

L&T Finance Holdings on Monday said its board has approved raising of up to Rs 3,000 crore through a rights issue.

"The board approved the offer and issuance of fully paid-up equity shares of the company for an amount not exceeding Rs 3,000 crore by way of a rights issue to the eligible equity shareholders of the company," L&T Finance Holdings said in a regulatory filing.

The company said details of the rights issue, including price and entitlement ratio, will be determined in due course.

Shares of L&T Finance Holdings Ltd were trading 0.37 per cent lower at Rs 67.35 apiece on the BSE.

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