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L&T Finance Holdings Limited Right Issue Review-2021

Right Issue Status: Closed [1st Feb 2021 to 15th Feb 2021]

Rated 3.5/5 by Team InvestorGain

LT Finance Holdings Limited Right Issue Detail

LT Finance Holdings Limited Right Issue Objective

  • To repay commercial papers issued by the company.
  • To infuse funds in its subsidiary and repayment of commercial papers issued by its subsidiary.
  • To redeem preference shares issued by the company.
  • To meet general corporate purposes.

LT Finance Holdings Limited Right Issue Details

LT Finance Holdings Limited Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 46.13 Cr
Right Issue Issue Size (Amount) ₹2,998.61 Cr
Face Value ₹10 Per Equity Share
Right Issue - Issue Price ₹65 per share
Right Issue Record Date 22nd Jan 2021
Right Issue Entitlement 17 Rights Equity Share for every 74 Equity Shares held on the Record Date
Right Issue Terms of payment The full amount of ₹65 per Rights Equity Share is payable on Application.
Listing At BSE, NSE
BSE Code L&TFH
NSE Code 533519

LT Finance Holdings Limited Right Issue Dates

In this section we have covered all important dates related to LT Finance Holdings Limited Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

LT Finance Holdings Limited Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 1st Feb 2021
Right Issue Issue Close Date 15th Feb 2021
Basis of Allotment Finalisation Date* Not Yet Announced
Refunds Initiation* Not Yet Announced
Credit of Shares to Demat Account* Not Yet Announced
Right Issue Listing Date* Not Yet Announced

* - Tentative Dates

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About Company - LT Finance Holdings Limited

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.

LT Finance Holdings Limited Financials for past 3 Years

Past performance and financial results of LT Finance Holdings Limited.

LT Finance Holdings Limited financial
Title FY 2020 FY 2019
Total revenue 522.4 Cr 526.5 Cr
PAT 266.81 Cr 267.1 Cr
EBITDA 4849.7 Cr 506.19 Cr
Total Assets 10,048.9 Cr 9,186.9 Cr
Net profit margin 56.11% 53.39%
Interest coverage ratio (times) 1.37 1.16
EBIT 484.49 506.08
Reserves and surplus 5658.75 Cr 5709.60 Cr
Long term borrowings 1,742.79 Cr 1,167.48 Cr
Short term borrowings 0.00 0.00
Debt to equity 0.22 0.15

LT Finance Holdings Limited Right Issue Live Subscription (NSE + BSE)

The table below is live update of Right Issue bidding details from NSE and BSE.

    Company Address

    L&T Finance Holdings Limited
    Brindavan, Plot No.177, C.S.T Road, Kalina, Santacruz (East),
    Mumbai,Maharashtra-400098
    India
    Website: http://www.ltfs.com/
    Phone: +91 22 6212 5000
    Email: [email protected]

    Registrar

    Link Intime India Private Ltd
    Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai - 400083
    Website: https://linkintime.co.in/Initial_Offer/public-issues.html
    Phone: +91-22-4918 6270
    Email:

    Lead Manager

    LT Finance Holdings Limited Right Issue Offer Document (Letter of Offer) >>Document

    LT Finance Holdings Limited Right Issue Offer Document (Letter of Offer) >>LT Finance Holdings Limited Right Issue Red Herring Prospectus is not yet available.

    LT Finance Holdings Limited Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

    LT Finance Holdings Limited Right Issue Online Application (Registrar & Transfer Agent) >>LT Finance Holdings Limited Right Issue RTA information is not yet available.

    LT Finance Holdings Limited Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for LT Finance Holdings Limited? Should I apply in LT Finance Holdings Limited Right Issue?

    Last Updated on 2021-04-13T01:08:28+00:00


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