Bids by L&T Shareholders Bids under the L&T Shareholders Reservation Portion shall be subject to the following: • Only L&T Shareholders (i.e. Individuals and HUFs who are equity shareholders of the Promoter, L&T (excluding such other persons not eligible under applicable laws, rules, regulations and guidelines) as at the date of the Red Herring Prospectus) would be eligible to apply in this Issue under the L&T Shareholders Reservation Portion.
buy one share of larsen and tubro today and be eligible for the quota try your luck do not repent for rs 1800 you should have share on 26/7/11 in you name there is no date ,anounced day of application is the date you should have shares
62. SkDash| Link| Bookmark|
July 21, 2011 1:17:24 PM
Top Contributor (1000+ Posts, 200+ Likes)
Sudesh As per SEBI site-red herring pros dt 15.7.2011 was filed on 20.7.2011. So time over now
60. SkDash| Link| Bookmark|
July 21, 2011 1:08:57 PM
Top Contributor (1000+ Posts, 200+ Likes)
Sudesh gone thru the draft pros filed by L&T Fin. U ll be eligible if holding shars of L&T on the date of filing red herring propspectus. I hv no idea whether it has filed red herring pros or not and generally u/s 60B of the Act-they need to file at least 3 days before opening of the sub i.e. 27.7.2011
L&T shareholders can apply for reserved quota. My question is: can I buy L&T shares today and thus become eligible for applying against shareholders' quota. The application form says, the shareholders have to quote their Folio No. How to obtain this number. I have a ICICI Demat Account but it does not show up my Folio Nos. Thank you.
51. Chem cho| Link| Bookmark|
July 20, 2011 6:46:07 PM
IPO Guru (2600+ Posts, 2700+ Likes)
45 paul antony
i donot write news which are wrong if i mention the chanel you will not be able to see it again it is not breaking news for you to see it again and again i have mentioned another news print for you
50. Chem cho| Link| Bookmark|
July 20, 2011 6:37:27 PM
IPO Guru (2600+ Posts, 2700+ Likes)
L&T Finance raises Rs 330cr from pre-IPO placement
L&T Finance Holdings, a subsidiary of engineering and construction company Larsen & Toubro has raised Rs 330 crore from its pre-IPO placement by issuing 6 crore equity shares at Rs 55 per share to US-based PE fund of Capital International. LTFH had earlier this year filed the draft papers with SEBI for raising Rs 1,750 crore through an initial public offer (IPO). It stated that if the pre-IPO placement is completed, the issue size offered to the public would be reduced to the extent of such pre-IPO placement subject to the net issue being at least 10 per cent of the post issue paid-up capital of the company.
It is likely that the company now would launch its initial public offer on July 27. The issue will also include reservation for eligible employees and L&T shareholders aggregating up to Rs 50 crore and Rs 125 crore, respectively.
The company proposes to use issue proceeds for repayment of intercorporate deposit issued by promoter to company (worth Rs 345 crore); and augmenting the capital base of L&T Finance (by infusing Rs 570 crore) and L&T Infra (by investing Rs 535 crore) and to meet the capital adequacy requirements to support the future growth in their business. JM Financial Consultants Private Limited, Citigroup Global Markets India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, Barclays Securities (India) Private Limited and Credit Suisse Securities (India) Private Limited are the book running lead managers to the issue. Equirus Capital Private Limited is the co-book running lead manager.
L&T Finance 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 direct and indirect wholly-owned subsidiaries.