Page 2 - L&t Finance Holdings

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L&T Finance said it has closed its rights issue and raised over Rs 2,998 crore

L&T Finance Holdings raises Rs 2,998 cr through rights issue

L&T Finance Holdings Ltd (LTFH) on Tuesday said it has closed its rights issue and has raised over Rs 2,998 crore. LTFH has closed its rights issue to raise Rs 2,998.61 crore. The rights issue was oversubscribed by approximately 15 per cent, it said in a release. The non-banking finance company is present in businesses, including rural finance, housing finance, infrastructure finance and investment management. The allotment of shares will take place next week on the same day, the company said, adding the shares will be listed on BSE and NSE on or by February 26. "We are delighted that our rights issue was oversubscribed and we are thankful to our investors for their support. "The response reflects the faith in the resilience of our business model which along with our AAA credit rating, and the strong backing of our parent, gives us the confidence of continuing on our path of creating a stable and sustainable organisation for all our stakeholders," Dinanath Dubhashi, Managing ...

L&T Finance Holdings gets nod to raise up to Rs 3,000 cr via rights issue

The company said details of the rights issue, including price and entitlement ratio, will be determined in due course.

L&T Finance gets board's approval to raise Rs 3,000 crore via rights issue

L&T Finance Holdings on Monday said its board has approved raising of up to Rs 3,000 crore through a rights issue. "The board approved the offer and issuance of fully paid-up equity shares of the company for an amount not exceeding Rs 3,000 crore by way of a rights issue to the eligible equity shareholders of the company," L&T Finance Holdings said in a regulatory filing. The company said details of the rights issue, including price and entitlement ratio, will be determined in due course. Shares of L&T Finance Holdings Ltd were trading 0.37 per cent lower at Rs 67.35 apiece on the BSE.

L&T Finance Holdings set to slash defocused loans to Rs 1,000 crore

The company reduced its defocused book by 50 per cent year-on-year from Rs 10,365 crore in 2018-19 to Rs 5,230 crore in 2019-20.

L&T Finance Holdings Q2 net up 42% to Rs 248 cr despite higher provisioning

Provision coverage ratio rises to 69% from 54% a year ago

Stock recommendations by Anand Rathi: Sell Piramal Enterprises, L&T Finance

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Sensex surges 548 points amid broad-based buying; Nifty ends above 10,900

All that happened in the markets today

L&T Finance Holdings Q1 PBT falls 86.63% to Rs 99.26 cr, impairment rises

The advances shrank by 1 per cent YoY to Rs 98,879 crore at end of June 2020 from Rs 99,904 crore in June 2019

BS Social Excellence Awards 2019: Jury picks top three in social sector

L&T Finance Holdings was picked out for the scale and gender-inclusive work of its digital literacy initiative in rural India, Digital Sakhi

L&T Finance raises Rs 300 cr through non-convertible preference shares

L&T Finance Holdings has issued non-convertible preference shares on a private placement basis to raise up to Rs 300 crore. The company has issued up to 30,000,000 cumulative compulsorily redeemable non-convertible preference shares of Rs 100 face value aggregating up to Rs 300 crore on a private placement basis, L&T Finance Holdings said in a regulatory filing on Wednesday. The preference shares carry dividend rate of 7.50 per cent per annum payable annually. Stock of the company closed at Rs 116.25 on BSE, down 1.73 per cent from previous close.

L&T Finance Holdings to cut structured finance book to Rs 5,000 crore

In May, the company had announced plans to exit these areas.

L&T Finance Holding Q2 net profit down 69% at Rs 174 cr; stock ends flat

Total income during the second quarter of 2019-20 increased to Rs 3,711.85 crore

Despite several headwinds, analysts are turning positive on L&T stock

The company has been winning large-ticket orders lately, though the orders bagged, so far, are less than the year-ago level

L&T Finance reports 2% growth in net profit at Rs 549 crore in Q1

In the June quarter of FY19, L&T Finance booked a net profit of Rs 538 crore

L&T Finance Holdings Q4 net up 94% to Rs 548 cr on rising interest margins

The net interest margins (NIMs) rose to 5.08% in Q4 Fy19 from 4.64% in Q4Fy18.

L&T Finance closes NCS issue on second day, raises Rs 2,228 cr

L&T Finance Holdings Thursday announced early closure of its bond issue following a 4.5 times oversubscription, raising a little over Rs 2,228 crore. The issue was opened on March 6 and was scheduled to close on March 20. The base size of the issue was Rs 500 crore, with an option to retain over-subscription up to Rs 1,000 crore. "We raised a total of Rs 2,228.06 crore with an subscriptions of 4.45 times. HNIs and retail investors' participation in the first tranche led to an oversubscription of 6.64 times and 6.68 times in respective categories as on the early closure Thursday," the company said in a statement. In the first tranche, the company offered three bonds maturing in 37 months, 60 months and 120 months offering a coupon in the range of 9.10-9.35 percent for retail investors, and 9-9.20 percent for institutional investors. Announcing the issue, managing director and chief executive Dinanath Dubhashi had said the issue was aimed diversifying liability ...

L&T Finance Holdings: Possible NPA shocks dampen outlook, stock falls

Watch out for high exposure to non-retail loans of the company

L&T Finance Holdings hits 52-week low post September quarter results

The stock slipped 13% to Rs 111, also its 52-week low on the BSE in early morning trade, on the back of heavy volumes.

L&T Finance Holdings rallies 11% on strong Q1 earnings

The stock rallied 11% to Rs 172 after the company reported a healthy 71% yoy growth in consolidated net profit at Rs 5.38 billion driven by strong AUM growth and flat credit costs in June 2018 quarter