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BSE SENSEX
73,651.35
+655.04
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Corporate Announcement
Security Code
533519
Company
L&T Finance Holdings Ltd
Exchange Received Time
14/05/2019 17:07:26
Exchange Disseminated Time
14/05/2019 17:07:36
Time Taken
00:00:10
Announcement under Regulation 30 (LODR)-Issue of Securities |
5/14/2019 5:07:26 PM
Pursuant to the requirements of provisions of Regulation 30, and Part A of Schedule Ill of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"), we wish to inform you that the Committee of Directors of the Company has approved the offer and issuance of up to 195,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares ("CRPS") of face value of Rs. 100 at par aggregating to a nominal amount of up to Rs. 195,00,00,000 on a private placement basis at the dividend rate of 8% p.a. payable annually.
The required details in relation to the Issue are attached.
We will also submit the information memorandum for upload on your website, by way of a separate letter, and will also be uploading the information memorandum, on the Company's website i.e. www.ltfs.com.
We request you to take the above on record and the same be treated as compliance under the applicable provisions of the Listing Regulations.
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