L&T Finance Holdings Limited board approves 17:74 rights issue at Rs. 65 per share
Posted On: 2021-01-18 09:23:22 (Time Zone: Arizona, USA)
The Board of directors of L&T Finance Holdings Limited at its meeting held today, i.e., January 18, 2021 have considered and approved the following terms of the Rights Issue:
Instrument: Fully paid-up Equity Shares of face value of Rs. 10 each
Total number of Equity Shares and Rights Issue size: 46,13,25,021 fully paid-up Equity Shares each for amount aggregating to Rs. 2,998.61 Crore
Rights Issue Price: Rs. 65 per fully paid-up Equity Share [including a premium of Rs. 55 per Equity Share]
Record date: January 22, 2021 for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue ( Eligible Equity Shareholders )
a. Instrument: Fully paid-up Equity Shares of face value of Rs10 each
b. Total number of Equity Shares and Rights Issue size: 46,13,25,021 fully paid-up Equity Shares each for amount aggregating to Rs 2,998.61 Crore
c. Rights Issue Price: Rs 65 per fully paid-up Equity Share [including a premium of Rs 55 per Equity Share]
d. Record date: 22 January 2021 for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue (Eligible Equity Shareholders)
e. Rights Issue period:
2. Rights Issue Closing Date: 15 February 2021.
f. Outstanding Equity Shares:
2. post Rights Issue#: 246,94,45,704 Equity Shares.
#assuming full subscription
g. Rights entitlement ratio: 17:74 (17 Equity Shares for every 74 shares fully paid-up Equity Share held by the Eligible Equity Shareholders of the Company, as on the record date). If the shareholding of any of the Eligible Equity Shareholder is 5 or more, such shareholders will be entitled to at leas