L&T Finance Holdings Limited board approves 17:74 rights issue at Rs. 65 per share Posted On: 2021-01-18 09:23:22 (Time Zone: Arizona, USA) The Board of directors of L&T Finance Holdings Limited at its meeting held today, i.e., January 18, 2021 have considered and approved the following terms of the Rights Issue: Instrument: Fully paid-up Equity Shares of face value of Rs. 10 each Total number of Equity Shares and Rights Issue size: 46,13,25,021 fully paid-up Equity Shares each for amount aggregating to Rs. 2,998.61 Crore Rights Issue Price: Rs. 65 per fully paid-up Equity Share [including a premium of Rs. 55 per Equity Share] Record date: January 22, 2021 for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue ("Eligible Equity Shareholders")