Shares of L&T Finance Holdings closed 1.29% up at Rs164.50 on BSE on Tuesday. Photo: Priyanka Parashar/MintNew Delhi: L&T Finance Holdings has raised Rs1,000 crore through qualified institutional placement (QIP) that closed on Tuesday. It has closed the QIP of up to Rs1,000 crore at the issue price of Rs158.60 per share, the company said in a statement. “The capital raised will be used for the growth of our businesses,” said Dinanath Dubhashi, managing director and chief executive officer (CEO), L&T Finance Holdings (LTFH). LTFH is a non-banking finance company (NBFC) that offers financing services in rural, housing, wholesale segments.

Source: Mint March 13, 2018 12:56 UTC