L&T Finance shares down on lower share sale price

Shares in L&T Finance Holdings Ltd fell as much as 5.3 percent after the company set a floor price at a discount of 9.7 percent to its Tuesday's close.

L&T Finance said late on Tuesday that it will sell up to 16.5 million shares to institutional investors at 74 rupees a share as against Tuesday's close of 81.9 rupees.

Shares in L&T Finance is trading 4.5 percent lower at 78.20 rupees at 9:16 a.m.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India must follow China on its path to the future

    There are many theories, real and imagined, doing the rounds in the national and international media about Barack Obama’s overtures to ‘rebalance

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Will the adventurous UGC succeed?

The impact of the Modi government on the education sector ...

Zehra Naqvi

The urge to tell stories

One wants to tell a story, like Scheherzade, in order ...

Dharmendra Khandal

Don’t interfere with nature

Just before we celebrated the news of tiger numbers swelling, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture