By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

Theindiabizz

Startup and Entrepreneurship Stories, as well as a Leadership Story

  • Explore
    • India
    • Business
    • Venture capital
    • Private equity
    • Product Roadmap
  • News
    • Market
    • acquisition
    • Funding
    • energy
    • Automobile
  • Industry
    • Beauty Sector
    • Entertainment
    • Hotel Industry
    • Enterprise IT
    • Property
    • Consumer Internet
    • Tech
    • E commerce
    • Agency
    • Edtech startup
    • Banking Sector
  • Health
  • Leadership
Search
More
  • Her Story
  • Interview
  • Art And Culture News
  • Women Power
  • cryptocurrency
  • current affairs
  • Investor Pitch Deck
  • List of Indian VCs
  • List Of Investors In India
  • pr-newswire
  • Press release
  • Raise fund
  • Submit Startup
  • Government
  • Economy
  • Entertainment
  • Sport
  • Property
Reading: L&T Finance Holdings Rights Successfully Oversubscribed
Share
Notification Show More
Latest News
Spectacom Global has successfully raised Rs 11 crore in pre-Series A funding
Spectacom Global has successfully raised Rs 11 crore in pre-Series A funding
June 2, 2023
How to clean and maintain Your Nebulizer?
How to clean and maintain Your Nebulizer?
May 31, 2023
Reliance, led by Ambani, sets its sights on the Indian fashion e-commerce market with an affordable and cost-effective model.
Reliance, led by Ambani, sets its sights on the Indian fashion e-commerce market with an affordable and cost-effective model.
May 28, 2023
XFlow has secured a remarkable $10.2M in pre-Series A funding
XFlow has secured a remarkable $10.2M in pre-Series A funding
May 28, 2023
Pre-seed funding secured by Ticket 9, an event tech startup
Ticket 9, an event tech startup, has raised $120K in pre-seed funding
May 28, 2023
Aa
TheindiabizzTheindiabizz
Aa
  • Business
  • Politics
  • Funding
  • Health
  • Science
  • Fashion
  • acquisition
  • Agency news
  • Beauty Sector
Search
  • Explore
    • India
    • Business
    • Venture capital
    • Private equity
    • Product Roadmap
  • News
    • Market
    • acquisition
    • Funding
    • energy
    • Automobile
  • Industry
    • Beauty Sector
    • Entertainment
    • Hotel Industry
    • Enterprise IT
    • Property
    • Consumer Internet
    • Tech
    • E commerce
    • Agency
    • Edtech startup
    • Banking Sector
  • Health
  • Leadership
Have an existing account? Sign In
Follow US
Business

L&T Finance Holdings Rights Successfully Oversubscribed

Editor Desk
By Editor Desk Published February 22, 2021
Last updated: 2021/02/22 at 11:12 AM
Share
SHARE

L&T Finance Holdings Limited (“LTFH” or “Company“), one of the leading private sector Non-Banking Financial Companies in India*, present in businesses including rural finance, housing finance, infrastructure finance and investment management, has closed its Rights Issue to raise Rs. 2,998.61 crores (“Rights Issue“). The Rights Issue was oversubscribed by approximately 15%.

On the success of the Rights Issue, Mr. Dinanath Dubhashi, Managing Director & Chief Executive Officer, L&T Finance Holdings said, “We are delighted that our rights issue was oversubscribed and we are thankful to our investors for their support. The response reflects the faith in the resilience of our business model which along with our AAA credit rating, and the strong backing of our parent, gives us the confidence of continuing on our path of creating a stable and sustainable organisation, for all our stakeholders.”

The allotment of equity shares offered pursuant to the Rights Issue will happen on or about Tuesday, February 23, 2021 and such equity shares shall be listed on the BSE Limited and National Stock Exchange of India Limited on or about Friday, February 26, 2021.

Axis Capital Limited, BOB Capital Markets Limited, Citigroup Global Markets India Private Limited, Credit Suisse Securities (India) Private Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited and UBS Securities India Private Limited are acting as the lead managers to the Issue.

- Advertisement -

*In terms of total adjusted loans and advances outstanding (source: Industry Report on various asset classes” dated January 2021, issued by CRISIL).

The data on subscription is based on R-WAP data and data provided by the stock exchange and subject to final certificates, reconciliation and technical rejection and finalization of basis of allotment.

1
0
0
0
Total
1
Shares