iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Bain Capital offers 7.9 crore shares in L&T Finance Holdings via block trade; stock slips ~2%

3 Aug 2023 , 11:32 AM

Bain Capital has proposed a block deal to sell 7.9 crore shares in L&T Finance Holdings Ltd at a floor price of Rs 128.1 per share.

The block deal is expected to generate $123 million from the US-based investment business. In June, Bain Capital sold a 0.75% interest in private lender Axis Bank Ltd for Rs 2,150 crore.

L&T Finance Holdings reported a tremendous 102.6% increase in consolidated net profit for the first quarter of FY24, to Rs 530.93 crore from Rs 262 crore a year ago, owing to continuous improvement in net interest margins.

Revenue from operations increased 7.86% to Rs 3,223.3 crore in the June quarter of FY24, up from Rs 2,988.4 crore in the previous corresponding quarter.

Last month, it was announced that Bain Capital has agreed to buy 90% of Adani Capital and Adani Housing. Under the terms of the agreement, Bain would purchase all of the Adani family’s private investments in the company, with existing CEO Gaurav Gupta fully rolling his holding and continuing to lead.

At around 11.29 AM, L&T Finance Holdings was trading 2.19% lower, against the previous close of Rs 129.90 on NSE. The counter touched an intraday low of Rs 126.55.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • Bain Capital
  • L&T Finance Holdings
  • L&T Finance Holdings Block Deal
  • L&T Finance Holdings news
  • L&T Finance Holdings Updates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.