L&T Finance Holdings Ltd allots 31836971 shares

The Board of Directors of L&T Finance Holdings Ltd at its meeting held on December 18, 2015, has approved the allotment of 3,18,36,971 (Three Crore Eighteen Lakhs Thirty Six Thousand Nine Hundred and Seventy One) Equity Shares to BC Investments VI Limited (Investor 1), and 6,38,20,990 (Six Crore Thirty Eight Lakhs Twenty Thousand Nine Hundred and Ninety) Share Warrants ("Warrants") to BC Asia Growth Investments (Investor 2), on a preferential basis.

Shares of L&T FINANCE HOLDINGS LTD. was last trading in BSE at Rs.65.3 as compared to the previous close of Rs. 64.5. The total number of shares traded during the day was 260602 in over 1046 trades.

The stock hit an intraday high of Rs. 65.7 and intraday low of 64.65. The net turnover during the day was Rs. 16972903.

Source : Equity Bulls

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