L&T Finance Holdings successfully closes QIP of upto Rs. 1000 crore

L&T Finance Holdings Limited ("LTFH" or "the Company') has today successfully closed the QIP of upto Rs. 1000 crore at the issue price of Rs. 158.60 per share (face value of Rs. 10 and premium of Rs. 148.60). The issue price for the QIP is same as the closing share price of the Company as of 8th March, 2018 on NSE, the launch date of QIP.

Mr. Dinanath Dubhashi, Managing Director & CEO said, "We thank the investors for their belief and support in us. We are very happy with the quality of investor base which we have got through the QIP. The capital raised will be used for the growth of our businesses."

Shares of L&T FINANCE HOLDINGS LTD. was last trading in BSE at Rs.164.5 as compared to the previous close of Rs. 162.4. The total number of shares traded during the day was 334892 in over 1995 trades.

The stock hit an intraday high of Rs. 165.7 and intraday low of 161.3. The net turnover during the day was Rs. 54903420.

Source : Equity Bulls

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