L&TFH | 533519 | INE498L01015
L&T Finance Holdings will issue rights to its existing shareholders. This means if you hold shares of this company as on record date, you can apply for more shares of the same company (in proportion to your existing shares - 17 for every 74 shares held) at a discounted price of Rs.65.
The record date for this issue is 22nd January 2021 and the subscription start date-1st February 2021.
Changes in F&O contract As a result of this corporate action, there will also be changes in the L&T Finance Holdings F&O contracts in the same ratio of 17:74 w.e.f from 21st January 2021.
What is changing? Strike Price Market Lot
To know more click- https://www1.nseindia.com/content/circulars/FAOP47052.pdf
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