L&T Finance Holdings trades higher on the BSE

L&T Finance Holdings is currently trading at Rs. 121.75, up by 1.65 points or 1.37% from its previous closing of Rs. 120.10 on the BSE.

The scrip opened at Rs. 122.60 and has touched a high and low of Rs. 122.60 and Rs. 121.20 respectively. So far 31291 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 189.55 on 20-Aug-2018 and a 52 week low of Rs. 106.20 on 20-Jun-2019.

Last one week high and low of the scrip stood at Rs. 122.60 and Rs. 114.30 respectively. The current market cap of the company is Rs. 24014.41 crore.

The promoters holding in the company stood at 63.91%, while Institutions and Non-Institutions held 14.35% and 21.73% respectively.

L&T Finance Holdings’ wholly owned subsidiary — L&T Finance will receive $550 million in an ECB investment round anchored by IFC, a member of the World Bank Group, and BNP Paribas, Citibank, and DBS Bank.

In the first tranche, the investors have contributed $275 million. Of this, IFC is bringing in $125 million, which will be utilized by L&T Finance to expand its farm equipment finance book by extending loans to farmers for buying equipment and modernizing farming.

L&T Finance Holdings is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries.

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