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L&T Finance Holdings to raise up to Rs 100 crore on private placement basis

L&T Finance Holdings will raise up to Rs 100 crore by issuing compulsorily redeemable securities on private placement basis.

The company’s committee of directors has approved an offer for issuing up to 1 crore cumulative compulsorily redeemable non-convertible preference shares (CRPS) to raise up to Rs 100 crore.

L&T Finance Holdings is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries.

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