L&T Finance Holdings files DRHP for IPO

L&T Finance Holdings Ltd. (earlier known as L&T Capital Holdings Ltd.), a subsidiary of L&T, proposes to enter the capital market with an Initial Public Offering (IPO) of equity shares for an amount aggregating to Rs. 1500 crores (Rupees One Thousand Five Hundred Crores Only).

Accordingly, a Draft Red Herring Prospectus (DRHP) prepared in accordance with the provisions of Securities & Exchange Board of India (Issue of Capital and Disclosure Requirements), Regulations, 2009 and approved by the IPO Committee of L&T Finance Holdings at its meeting held on September 27, 2010, is proposed to be filed by L&T Finance Holdings with Securities & Exchange Board of India.

Source : Equity Bulls

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