Home >Markets >Stock Markets >L&T Finance raises 300 crore via non-convertible preference shares
The preference shares carry dividend rate of 7.50% per annum payable annually. (Photo: Mint)
The preference shares carry dividend rate of 7.50% per annum payable annually. (Photo: Mint)

L&T Finance raises 300 crore via non-convertible preference shares

  • L&T Finance 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 shares closed at 116.25 on BSE, down 1.73% from previous close

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.

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