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L&T Finance Holdings informed the exchanges that a Committee of Directors of the company, on Tuesday, September 24, 2019, through a resolution passed by circulation in accordance with the requirements of the Companies Act, 2013, approved the offer and issuance of up to 1.5 crore cumulative compulsorily redeemable non-convertible preference shares (CRPS) of face value ₹100 at par aggregating to a nominal amount of up to ₹150 crore on private placement basis at the dividend rate of 7.95 per cent per annum. The stock of L&T Finance Holdings closed at ₹97.10 on the BSE on Tuesday, down 2.02 per cent from its previous close.
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