Public issue of up to [*] equity shares of Rs. 10 each ("Equity Shares") for cash by L&T Finance Holdings Limited (The "Company" or The "Issuer") at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. 1,245.00 crores (The "Issue") including reservation of up to [*] equity shares for subscription by eligible employees for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. 50.00 crores (The "Employee Reservation Portion") and a reservation of up to [*] equity shares for subscription by L&T shareholders for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. 120.00 crores (The "L&T Shareholders Reservation Portion"). The issue will constitute approximately [*]% of the post- issue share capital of the company and the net issue will constitute approximately [*]% of the post-issue share capital of the company.
Issue price is Rs. 52 per equity share of face value of Rs. 10 each.
The issue price is 5.2 times the face value
A Discount of Rs. 2 per equity share to the issue price has been offered to the eligible employees ("Eligible Employee Discount")
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
27-Jul-2011
29-Jul-2011
₹ 52.00
₹ 0.00
Minimum Application for shares in Nos : 100.0
Further Multiples of : 100.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
1,526.44
Barclays Securities (India) Pvt Ltd
Project Financed through Current Offer
1,245.00
Post Issue Equity Share Capital
1,681.65
Issue Price
₹52.00
Projects
Repayment of intercorporate deposit
To augment capital base of L&T Finance & L&T Infra