Deal Closed | L&T Finance Holdings Limited | Rights issue

The details of the deal are as follows:

Sector: NBFCs 

Announcement Date: 19-Jan-2021 

Completion Date: 25-Feb-2021 

Name of Client: L&T Finance Holdings Limited 

Deal Description: Issue of up to 46,13,25,021 Equity Shares for cash at a price INR 65 per Equity Share (including a premium of INR 55 per Equity Share) not exceeding INR 2,998.61 crore by L&T Finance Holdings Limited 

Total Consideration: INR 2998.61 Crores (USD 415.95 Millions) 

Team Members: Abhimanyu Bhattacharya (Partner), Aditya Cheriyan (Partner), Oishik Bagchi (Principal Associate), Aparna Bagree (Senior Associate), Adrika Dhawan (Associate), Akanksha Singh (Associate) 

Role of Firm: Legal Advisor to the Lead Managers as to Indian law - Axis Capital Limited, BOB Capital Markets Limited, Citigroup Global Markets India Private Limited, Credit Suisse Securities (India) Private Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited and UBS Securities India Private Limited 

Other legal advisors if any: Cyril Amarchand Mangaldas - Legal Advisor to L&T Finance Holdings Limited as to Indian law 

Sidley Austin LLP - Special Purpose International Legal Advisor to the Lead Managers