Incorporated in 2008, L&T Finance Holdings Limited is an RBI registered non-banking financial company – a core investment company (“NBFC-CIC”). It conducts its financial services businesses through various subsidiaries. L&T Financial Services is the brand name of L&T Finance Holdings Ltd. and one of the leading private sector non-banking financial services companies in India.
L&T Finance is backed by a strong promoter, Larsen & Toubro Limited (“L&T”) that is one of the leading business conglomerates in India, with a presence across various sectors like infrastructure, power, heavy engineering, electrical and automation, IT, and technology services, financial services, power development, realty, shipbuilding, construction, mining, industrial machinery and much more. The company has classified its business across four areas: Rural Finance, Housing Finance, Infrastructure Finance, and Investment Management.
As of 30th September 2020, L&T Finance is spread across 21 states and one union territory and has 206 branches in 199 cities. The company.
Company Strengths:
• Significant presence across diversified businesses like Rural finance, Housing finance, Infrastructure Finance, and Investment Management.
• Market leadership as a financier across various products.
• Strong digital and analytics infrastructure
• A strong risk management framework
• Strong liability profile.
• Strong parentage of L&T.
• The experienced and professional management team.
Company Strategies:
• Maintain leadership in areas with an established presence and penetrate into newer areas.
• Enhance technology systems and data analytics as a competitive advantage.
• Emphasize on net interest margin and fee income to deliver improved performance metrics
• Continued focused on Asset Liability Management and strengthen liability profile.
• Focus on cost reduction and improving cost-efficiency.
• Increasing contribution from food, FMCG industry, and IML products.
| Issue Open | Feb 1, 2021 - Feb 15, 2021 |
| Security Name | L&T Finance Holdings Limited |
| Issue Size (Shares) | 46.13 Crores |
| Issue Size (Amount) | ₹2,998.61 Crores |
| Issue Price | ₹65 per share |
| Face Value | ₹10 per share |
| Minimum Lot size | |
| Market Lot | 1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The full amount of Rs.65 per Rights Equity Share is payable on Application. |
| Entitlement | 17 Equity Share for every 74 Fully Paid-up Equity Shares held on the Record Date |
| Bid/Offer Opens On | Feb 1, 2021 |
| Bid/Offer Closes On | Feb 15, 2021 |
| Record Date | Jan 22, 2021 |
| Deemed Date of Allotment | Feb 23, 2021 |
| Renunciation of Rights Entitlements |
| Particulars | For the year/period ended (Rs. in Crores) | ||
|---|---|---|---|
| 31-Dec-20 (Un-audited) | 31-Mar-20 | 31-Mar-19 | |
| Total Revenue | 10,298.59 | 14,175.50 | 12,989.72 |
| Profit After Tax | 682.91 | 1,700.26 | 2,232.03 |
| Total Assets | 1,10,510.01 | 1,09,529.02 | 1,06,055.10 |
The Net Proceeds from the Issue are proposed to be utilized:
1. To repay partial commercial papers issued by the Company and its Subsidiaries.
2. To redeem preference shares issued by the Company; and
3. For general corporate purposes.
84 4.0 Rating:  Vote Here ... |
L&T Finance Holdings Limited
Brindavan, Plot No.177,
C.S.T Road, Kalina, Santacruz (East),
Mumbai 400 098
Phone: +91 22 6212 5000
Email: igrc@ltfs.com
Website: https://www.ltfs.com/
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: lntfinance.rights@linkintime.co.in
Website: http://www.linkintime.co.in
Lead Manager Reports
The L&T Finance Rights Issue opens on Feb 1, 2021, and closes on Feb 15, 2021.
L&T Finance Rights Issue Schedule
| Last Date for credit of Rights Entitlements | [.] |
| Last Date for renunciation of Rights Entitlements | |
| Issue Opening Date | Feb 1, 2021 |
| Issue Closing Date | Feb 15, 2021 |
| Date of Allotment (on or about) | Feb 23, 2021 |
| Date of Credit (on or about) | Feb 24, 2021 |
| Date of Listing (on or about) | Feb 26, 2021 |
L&T Finance Rights Issue price is set at ₹65 per share per equity share.
The eligible shareholders are being offered 17 Equity Share for every 74 Fully Paid-up Equity Shares held on the Record Date (Jan 22, 2021).
The record date for the L&T Finance Rights Issue is Jan 22, 2021.
The issue size of L&T Finance Rights Issue is of 46.13 Crores equity shares at ₹65 per share aggregating upto ₹2,998.61 Crores.
The Letter of Offer for L&T Finance Rights Issue can be download here.
You can apply for L&T Finance Rights Issue in two ways:
Steps to apply for L&T Finance Rights Issue using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for L&T Finance Rights Issue using Registrar's website (R-WAP)
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