Page 3 - L&t Finance Holdings

L&T Finance Holdings Q1 net profit rises 71% to Rs 5.38 billion

Its loan book comprising rural, housing and wholesale segment grew 27 per cent to Rs 853.80 billion at the end of June 2018

L&T Finance Holdings up 3% on preferential issue to L&T; QIP opens

The stock was trading 3% higher at Rs 163 on the BSE after the company said it has raised almost Rs 20 billion from preferential allotment of shares to its promoter Larsen & Toubro

L&T Finance Holdings plans to raise Rs 40 bn via QIP, appoints four bankers

L&T Finance Holdings, a subsidiary of Larsen & Toubro (L&T), plans to tap the market for a qualified institutional placement (QIP). The non-banking financial firm has appointed four investment bankers - Citi, Edelweiss, Motilal Oswal and JM Financial -- to manage the placement, said sources. The issue size could not be ascertained but is expected to be in the region of Rs 30-40 billion. The board of directors of the company will meet January 25 to approve the unaudited financial results for the quarter ended December. "As a matter of policy we do not comment on market speculation," said the company in an email response. In the past one year, the share price of L&T Finance Holdings has surged 77 per cent against 29 per cent gains made by the 30-share BSE benchmark Sensex. The company had listed in August 2011 and has since gained 243 per cent. On Thursday, the shares slid 1.3 per cent to Rs 171.3. L&T Finance Holdings is among the top five NBFCs, with a market ...

L&T Finance Holdings hits record high on stellar Q1 results

So far in 2017, the stock surged 95%, as compared to 26% rise in the S&P BSE Sensex

L&T Finance junks stake-sale plan for mutual fund arm, eyes IPO

The groundwork for the IPO has begun and the company is in the preliminary price-discovery mode

L&T Finance Holdings and group to raise Rs 15,000 cr for IPO finance

L&T Finance Holdings (LTFHL) and its subsidiaries will raise a little over Rs 15,000 crore through commercial paper, a short-term money market instrument, and bonds to predominantly finance Initial Public Offers of equity. LTFHL, through its subsidiaries, is into services across rural, housing and wholesale finance businesses. Its group entities also offer fund management and non-fund based services such as insurance and mutual fund distribution.The entities rasing money through commercial paper are -- L&T Finance up to Rs 9,000 crore, L&T Infrastructure Finance, Rs 5,000 crore and L&T Housing Finance, Rs 1,000 crore. LTFHL is raising about Rs 250 crore through debentures, according to rating agency ICRA.Generally, finance companies raise resources over a period in one or more tranches, based on assessment of requirements, said a senior official with a merchant banking entity that arranges issues. On a consolidated basis, for 2016-17, LTFHL reported a net

L&T finance Q3 profit rises 28% to Rs 271 crore

Company's consolidated net profit was at Rs 212 crore in the year-ago

L&T Finance aims to offload PE portfolio

The company will also consolidate its retail financing business under one corporate body