L&T; FINANCE HOLDINGS LTD. - 533519 - Approval By The Committee Of Directors Of L&T; Finance Holdings Limited For Raising Of Funds Through Offer And Issuance Of Unsecured, Redeemable, Non-Convertible Debentures On A Private Placement Basis
Further to our letter dated August 15, 2020 and pursuant to the requirements of provisions of Regulation 30 and Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ("Listing Regulations"), we wish to inform you that the Committee of Directors of the Company today i.e. Wednesday, August 19, 2020, through a resolution passed by circulation in accordance with the requirements of the Companies Act, 2013 (approval received from all members by 4:59 p.m.) approved the offer and issuance of up to 2,000 Unsecured, Redeemable, Non-Convertible Debentures ("NCDs") of face value of ?10,00,000 at par aggregating to nominal amount of up to ?200 Crore on a private placement basis at the coupon/ interest rate of 8.00% p.a. payable annually.19-08-2020