L&T Finance Holdings Limited Rights Issue Review-2021

Incorporated in the year 2008, L&T Finance Holding Ltd is one of the leading private sector non-banking financial companies in India in terms of adjusted loans and assets under management. The company offers financing solutions under rural finance, housing finance, infrastructure finance, and investment management. It operates with its 206 branches in 199 cities in 21 states and 1 union territory. For its microloan business, the company has 1,446 meeting centers covering 294 districts across 16 states in India, as of September 30, 2020.

Key details to L&TFH Ltd Right Issue 2021

• Issue Price- 65 per equity share (including a premium of Rs 55 per share, FV of Rs 10 each)
• Rights ratio- 17:74; 17 fully paid-up right issue share for every 74 equity shares held by eligible shareholders as on record date of Jan 22, 2021
• Total no. of right shares proposed- 46.13 Cr equity shares of face value Rs 10 each @ Rs 65 amounting to Rs 2998.61 Cr.