L&T Finance slumps on share-sale price discount

L&T Finance Holdings shares fell as much as 6.01 percent after the non-banking financial company set a floor price for its stake sale at 70 rupees per share, or an 11.5 percent discount to its Thursday closing price.

Larsen & Toubro Ltd, the promoter of L&T Finance, had earlier said it would sell up to a 3.23 percent of its stake, or 55 million shares on Friday. The company has an option to sell an additional 27 million shares, it said in an exchange filing.

L&T Finance shares were down 4.7 percent at 10:25 a.m.


  • With IT firms pursuing independent business models, Infosys is no longer a bellwether

    The earnings season kicked off on Monday with technology major Infosys announcing its second quarter results that were more or less on expected lines


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Taslima Nasreen

Saudi Arabia will never be shamed

The health minister of Saudi Arabia Khalid Al-Falih has purportedlysaid ...

Kuruvilla Pandikattu

Our mood effects our walking style

Our mood can affect how we walk. We walk lazy ...

Dharmendra Khandal

Use technology wisely to save earth's treasures

Wildlife biologists are certainly getting inspired by our armed forces’ ...


William D. Green

Chairman & CEO, Accenture