OPEN APP
Home / Markets / Stock Markets /  L&T Finance raises 300 crore via non-convertible preference shares

L&T Finance Holdings has issued non-convertible preference shares on a private placement basis to raise up to 300 crore.

The company has issued up to 30,000,000 cumulative compulsorily redeemable non-convertible preference shares of 100 face value aggregating up to 300 crore on a private placement basis, L&T Finance Holdings said in a regulatory filing on Wednesday.

The preference shares carry dividend rate of 7.50% per annum payable annually.

Stock of the company closed at 116.25 on BSE, down 1.73% from previous close.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our App Now!!

Close
×
Edit Profile
Get alerts on WhatsApp
My ReadsRedeem a Gift CardLogout