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.


  • India’s economic recovery has to be consumption, and not investment, led

    It is well accepted that falling global commodity prices, especially oil, have helped the Indian economy regain lustre in the past year or so.


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


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Purnendu Ghosh

Too shy people love themselves too much

We are essentially shy people. Our extent of shyness, however, ...

Shona Adhikari

When nature and naturism have a date

DAG Modern has announced its forthcoming exhibition The Naked and ...


William D. Green

Chairman & CEO, Accenture