Comments
The committee of directors of L&T Finance Holdings on Wednesday approved the allotment of 6.38 crore equity shares to BC Asia Growth Investments (of Bain Capital) pursuant to conversion of the warrants issued on December 18, 2015, on preferential basis. The convertible warrants were allotted at ₹74 a warrant. “Warrants may be exercised by Bain Capital within 18 months from the allotment date or accelerated after six months from the date of allotment based on the company’s capital requirement,” L&T Finance Holding had then said. Shares of L&T Finance Holdings slipped 1.3 per cent at ₹132.8 on the NSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.