L&T Finance : Offer for issuance of NCDs on private placement basis
August 19, 2020 at 09:17 am EDT
Share
August 15, 2020
National Stock Exchange of India Limited
BSE Limited
Exchange Plaza,
Corporate Relations Department,
Plot No. C/1, G Block,
1st Floor, New Trading Ring,
Bandra - Kurla Complex, Bandra (East),
P. J. Towers, Dalal Street,
Mumbai - 400 051.
Mumbai - 400 001.
Symbol: L&TFH
Security Code No.: 533519
Kind Attn: Head - Listing Department / Dept of Corporate Communications
Dear Sir / Madam,
Sub: Offer for issuance of Unsecured, Redeemable, Non-Convertible Subordinate Debentures on a private placement basis ("Issue")
Pursuant to the requirements of provisions of Regulation 29, Regulation 50 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that the Committee of Directors of the Company will consider raising of funds through the proposed Issue and determine the issue price for the proposed Issue on August 19, 2020.
We request you to take the aforesaid on record and the same be treated as compliance under the applicable provisions of the Listing Regulations.
L&T Finance Holdings Limited published this content on 15 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2020 13:16:15 UTC
L&T Finance Limited is an India-based non-banking financial company with presence across the lending business catering to the diverse financing needs of served and underserved customers. It offers personal loans, two-wheeler loans, home loans, rural business loans, farm loans, and small and medium-sized enterprises (SME) loans. It operates in three segments: Retail Business, Wholesale Business, and Defocused Business. Its Retail business comprises of comprises of farmer finance, two-wheeler finance, rural business finance, consumer finance, home loan, loan against property, and SME Finance. Its Wholesale Business comprises of Infrastructure Finance and Real Estate Finance. Its Defocused Business comprises of structured corporate loans, debt capital market, commercial vehicle finance, construction equipment finance, supply chain finance, SME term loans and other discontinued products. It offers a range of insurance product, such as Life Insurance, Health Insurance and General Insurance.