L&T Finance Holdings Ltd allots 18,98,962 shares

The Nomination and Remuneration Committee of the Board of Directors of L&T Finance Holdings Ltd at its meeting held on October 26, 2017 has approved the allotment of 18,98,962 (Eighteen Lakhs Ninety Eight Thousand Nine Hundred and Sixty Two) equity shares to those option grantees who had exercised their options under the following schemes of the Company:

L&T FHL Employee Stock Option Scheme - 2010 - 7,84,462
L&T FHL Employee Stock Option Scheme - 2013 - 11,14,500

The said equity shares will rank pari-passu with the existing equity shares of the Company in all respects.

Shares of L&T FINANCE HOLDINGS LTD. was last trading in BSE at Rs.196.45 as compared to the previous close of Rs. 196.25. The total number of shares traded during the day was 1567782 in over 8709 trades.

The stock hit an intraday high of Rs. 203.2 and intraday low of 193.2. The net turnover during the day was Rs. 311676263.

Source : Equity Bulls

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